Teddy's Mattress had beginning net fixed assets of $812 and ending net fixed assets of $1,243. Depreciation was $79

Teddy's Mattress had beginning net fixed assets of $812 and ending net fixed assets of $1,243. Depreciation was $79. What is the amount of net capital spending? Group of answer choices

$352
$740
-$352
$510

Expert Solution

Closing Net fixed assets = Beginning net fixed assets + net capital spending - depreciation

1243 = 812 + net capital spending - 79

Net capital spending = $510 Option D

jeff jeffy answered 2 years ago

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