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Nielsen Auto Parts had beginning net fixed assets of $218,470 and ending net fixed assets of $209,411. During the year, assets with a book value of $6,943 were sold. Depreciation for the year was $67,277. What is the amount of net capital spending

Respuesta :

Ritmeks

Answer:

$58,218

Explanation:

Nielsen auto parts had a beginning net fixed assets of $218,470

The ending net fixed assets is $209,411

The book. value is $6.943

The depreciation is $67,277

Therefore the net capital spending can be calculated as follows

= $209,411 - $218,470 + $67,277

= 58,218

Hence the net capital spending is $58,218

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