Plato's Foods has ending net fixed assets of $84,400 and beginning net fixed assets of $79,900.During the year,the firm sold assets with a total book value of $13,600 and also recorded $14,800 in depreciation expense.How much did the company spend to buy new fixed assets?
A)-$23,900
B)$3,300
C)$32,900
D)$36,800
E)$37,400

Question

Quizplus · Accepted Answer

New fixed asset purchases = $84,400 - $79,900 + $13,600 + $14,800 = $32,900

Plato's Foods Has Ending Net Fixed Assets of $84,400 and Beginning