Problemthe play houses december 31 2009 balance sheet, Ask an Expert

Accounting

Problem:

The Play House's December 31, 2009 balance sheet showed net fixed assets of $1,238,000 and the December 31, 2010 balance sheet showed net fixed assets of $1,416,000. The company's 2010 income statement showed a depreciation expense of $214,600.

Required:

Question: What was the firm's net capital spending for 2010?

a. $404,400

b. $42,400

c. $36,600

d. $416,600

e. $392,600

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168499

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