Zoey Pet Supply had $314,000 in net fixed assets at the beginning of the year.During the year, the company purchased $98,200 in new equipment.It also sold, at a price of $10,000, some old equipment that had a book value of $12,500.The depreciation expense for the year was $24,500.What is the net fixed asset balance at the end of the year?
A)$260,000
B)$283,700
C)$424,200
D)$375,200
E)$277,000

Question

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The Answer of Zoey Pet Supply had $314,000 in net fixed assets at the beginning of the year.During the year, the company purchased $98,200 in new equipment.It also sold, at a price of $10,000, some old equipment that had a book value of $12,500.The depreciation expense for the year was $24,500.What is the net fixed asset balance at the end of the year?
A)$260,000
B)$283,700
C)$424,200
D)$375,200
E)$277,000

Zoey Pet Supply Had $314,000 in Net Fixed Assets at the Beginning