Micro, Inc., started the year with net fixed assets of $75,175. At the end of the year, there was $96,525 in the same account, and the company's income statement showed depreciation expense of $13,175 for the year. What was the company's net capital spending for the year?
a) $83,350
b) $40,010
c) $21,350
d) $42,420
e) $34,525
Answers: 1
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Micro, Inc., started the year with net fixed assets of $75,175. At the end of the year, there was $9...
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