All-Rite sold $133,500 in used equipment in 2015 and replaced it with $212,000 of new equipment. Depreciation for 2015 and $12,500. What is the net capital spending for 2015?

Question

Quizplus · Accepted Answer

Net capital spending is calculated by subtracting the depreciation from the capital expenditures: 
$212,000 - $133,500 - $12,500 = $91,000. Therefore, the correct answer is C.

All-Rite Sold $133,500 in Used Equipment in 2015 and Replaced