Answer:
$270,300
Explanation:
Given that,
Net fixed assets at the beginning of the year = $236,400
New equipment purchased = $53,200
Old equipment sold = $22,000
Book value of old equipment = $5,900
Depreciation expense for the year = $13,400
The value of new equipment purchased added to the fixed assets, the book value of the old equipment and the depreciation expense are deducted from the fixed assets.
The sale of old equipment and depreciation expense reduces the net fixed assets, that's why it is deducted from the net fixed assets.
Net fixed assets at the end of the year:
= Beginning net fixed assets + Value of new equipment - Book value of the old equipment sold - Depreciation expense
= $236,400 + $53,200 - $5,900 - $13,400
= $270,300