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Teddy's Pillows had beginning net fixed assets of $463 and ending net fixed assets of $534. Assets valued at $311 were sold during the year. Depreciation was $26. What is the amount of net capital spending?

Respuesta :

Answer:

$97

Explanation:

Given:

Beginning net fixed assets = $463

Ending net fixed assets = $534

Depreciation = $26

Assets sold = $311

Net capital spending = Ending net fixed assets + depreciation - beginning net fixed assets.

                                    = 534 + 26 - 463

                                    = $97

Net capital spending is computed as $97

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