XYZ Corporation had fixed assets of $15,000 at the beginning of the year and $18,000 at the end of the year. During the year, the company sold $6,000 worth of fixed assets. How much in fixed assets did they purchase?

XYZ Corporation had fixed assets of $15,000 at the beginning of the year and $18,000 at the end of the year. During the year, the company sold $6,000 worth of fixed assets. How much in fixed assets did they purchase?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...

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Please Solve this Question with calculation

XYZ Corporation had fixed assets of $15,000 at the
beginning of the year and $18,000 at the end of
the year. During the year, the company sold
$6,000 worth of fixed assets. How much in fixed
assets did they purchase?

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