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On December 31, 2015, the Play House Had Net Fixed

Question 92

Multiple Choice

On December 31, 2015, The Play House had net fixed assets of $812,650 while the December 31, 2016 balance sheet showed net fixed assets of $784,900.Depreciation for 2016 was $84,900.What was the firm's net capital spending for 2016?


A) $51,600
B) $42,410
C) $57,150
D) $54,400
E) $46,620

Correct Answer:

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