On January 1,2019,plant assets,net are $190,000 and on December 31,2019,plant assets,net are $300,000.Depreciation expense for the year is $100,000.No plant assets were sold or exchanged during the year.What is the cost of the plant assets acquired during the year?

Question

Quizplus · Accepted Answer

Beginning Balance,Plant Assets,net $190,000 + Acquisitions - Depreciation Expense $100,000 = Ending Balance,Plant Assets,net $300,000
Acquisitions = $210,000

On January 1,2019,plant Assets,net Are $190,000 and on December 31,2019,plant