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Teddy's Pillows Had Beginning Net Fixed Assets of $600 and Ending

Question 53

Multiple Choice

Teddy's Pillows had beginning net fixed assets of $600 and ending net fixed assets of $730.Assets valued at $400 were sold during the year.Depreciation was $50.What is the amount of net capital spending?


A) $130
B) $80
C) $450
D) $180
E) $350

Correct Answer:

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