Nielsen Auto Parts had beginning net fixed assets of $218,470 and ending net fixed assets of $209,411.During the year,assets with a combined book value of $6,943 were sold.Depreciation for the year was $42,822.What is the amount of net capital spending?
A)$33,763
B)$40,706
C)$58,218
D)$65,161
E)$67,408

Question

Quizplus · Accepted Answer

Net capital spending = $209,411 - $218,470 + $42,822 = $33,763

Nielsen Auto Parts Had Beginning Net Fixed Assets of $218,470