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denis-greek [22]
3 years ago
8

Nielsen Auto Parts had beginning net fixed assets of $218,470 and ending net fixed assets of $209,411. During the year, assets w

ith a combined book value of $6,943 were sold. Depreciation for the year was $42,822. What is the amount of net capital spending?
Business
1 answer:
balu736 [363]3 years ago
8 0

Answer:

Capital Expenditure during the year 40,706

Explanation:

opening assets                        =                  218470

less: Depriciation for the year =                  (42822)

less: Disposal of assets           =                   (6943)

less: Closin Assets                   =                   (209411)

Balancing figure additions       =                   40706

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