Plenti-Good Foods has ending net fixed assets of $98,700 and beginning net fixed assets of $84,900. During the year, the firm sold assets with a total book value of $13,200 and also recorded $9,800 in depreciation expense. How much did the company spend to buy new fixed assets?
a. -$23,900
b. $9,200
c. $36,800
d. $40,700
e. $37,400
Ans: c. $36,800
Business
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