Toys For U, Inc. just purchased a new asset costing $500,000. The machine will be depreciated straight-line over a 10-year period using the convention of taking a half year's depreciation in the first year. Given the following information about old assets the firm already had, calculate net fixed assets at year end. 
A) $765,000
B) $925,000
C) $1,275,000
D) $1,600,000
Correct Answer:
Verified
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