Dale Corporation had beginning ﬁxed assets of $3,500 an ending ﬁxed asset balance of $4,800 invested and depreciation expense of $200. Given this information, determine the net investment
In ﬁxed assets.

Question

Quizplus · Accepted Answer

Net investment in fixed assets = Ending fixed asset balance - Beginning fixed asset balance - Depreciation expense 
= $4,800 - $3,500 - $200 
= $1,100

Therefore, the net investment in fixed assets is $1,100. The closest answer choice is D ($1,500), which is not an exact match but should be the best choice.

Dale Corporation Had Beginning ﬁXed Assets of $3,500 an Ending