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Problem:

The December 31, 2009 balance sheet shows net fixed assets of $150,000 and the December 31, 2010 balance sheet shows net fixed assets of $250,000. Depreciation expense for 2009 is $25,000 and depreciation expense for 2010 is $35,000. Based on this information, the cost of fixed assets purchased during 2010 is:

A) $100,000.

B) $110,000.

C) $135,000.

D) $160,000.

Please show all workings:

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Category:- Basic Finance
Reference No.:- M91146669

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