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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 book value of $6,943 were sold. Depreciation for the year was $42,822. What is the amount of net capital spending? Group of answer choices $40,706 $33,763 $65,161 $58,218

Respuesta :

Answer:

$33,763

Explanation:

The computation of the net capital spending is shown below:

Net capital spending  = ending fixed assets - beginning fixed assets + depreciation  

=$209,411 - $218,470 + $42,822

= $33,763

By deducting the beginning fixed assets and added the depreciation expense to the ending fixed assets we can get the net capital spending

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