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18 February, 11:18

Nielsen Auto Parts had beginning net fixed assets of $218,470 and ending net fixed assets of $209,411. During the year, assets with a combined book value of $6,943 were sold. Depreciation for the year was $42,822. What is the amount of net capital spending?

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  1. 18 February, 13:45
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    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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