XYZ Corporation started the year with $4,500,000 of net fixed assets and ended the year with $4,200,000 of net fixed assets. Depreciation expenses during the year were $350,000. How much gross fixed assets did XYZ buy or sell during the year?
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XYZ Corporation started the year with $4,500,000 of net fixed assets and ended the year with $4,200,000 of net fixed assets.
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- Nova Flex Corp. had net fixed assets of $20,500 at the start of the year and $21,800 at the end. The company recorded $4,200 in depreciation and spent $9,000 on purchasing new fixed assets. How much in fixed assets did Nova Flex Corp. sell during the year?How much in fixed assets must krause have purchased ?What was patterson's charge for depreciation??
- This year, Amalgamated Industries reported depreciation expense of $785,000 on its income statement while reporting Net Fixed Assets of $2,145,000 on its balance sheet. Last year, it reported depreciation expense of $680,000 and net fixed assets of $1,800,000. What was Net Capital Spending this year?Micro, Inc., started the year with net fixed assets of $76,175. At the end of the year, there was $97,925 in the same account, and the company's income statement showed depreciation expense of $13,935 for the year. What was the company's net capital spending for the year? Multiple Choice O $35,685 $43,580 $21,750 $41,170 $83,990Elba Industries recently reported an EBITDA of $12.5 million and a net income of $3.7 million. It had $3.2 million in interest expense, and its corporate tax rate was 40%. What was its charge for depreciation and amortization?
- Krause Equipment Ltd. had fixed assets of $22,000 at the beginning of the year and $27,000 at the end of the year. You also know that the firm sold $6,500 in fixed assets during the year. How much in fixed assets must Krause have purchased?Elba Industries recently reported an EBITDA of $12.5 million and a net income of $3.7 million. It had $3.2 million in interest expense, and its corporate taxrate was 40%. What was its charge for depreciation and amortization?Hamilton Corp. recently reported an EBITDA of $18.5 million and a net income of $3.6 million. The company had $2.8 million in interest expense, and its corporate tax rate was 35%. Compute Depreciation and Amortization (D&A).