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Business, 25.11.2021 14:10 yasminothman02

Zoey Pet Supply had $314,000 in net fixed assets at the beginning of the year. During the year, the company purchased $98,200 in new equipment. It also sold, at a price of $10,000, some old equipment that had a book value of $12,500. The depreciation expense for the year was $24,500. Required:
What is the net fixed asset balance at the end of the year?

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Zoey Pet Supply had $314,000 in net fixed assets at the beginning of the year. During the year, the...

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