W.S.Movers had $138,600 in net fixed assets at the beginning of the year.During the year,the company purchased $27,400 in new equipment.It also sold,at a price of $5,300,some old equipment that had a book value of $2,100.The depreciation expense for the year was $6,700.What is the net fixed asset balance at the end of the year?
A)$146,900
B)$159,300
C)$163,900
D)$157,200
E)$148,400

Question

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The Answer of W.S.Movers had $138,600 in net fixed assets at the beginning of the year.During the year,the company purchased $27,400 in new equipment.It also sold,at a price of $5,300,some old equipment that had a book value of $2,100.The depreciation expense for the year was $6,700.What is the net fixed asset balance at the end of the year?
A)$146,900
B)$159,300
C)$163,900
D)$157,200
E)$148,400

WSMovers Had $138,600 in Net Fixed Assets at the Beginning