Depreciation expense on its fixed assets during the year

Assignment Help Financial Management

Reference no: EM131859621

ABC started the year with net fixed assets of 2,572,000. During the year, the firm sold some of its gross fixed assets for 111,000. At the end of the year, net fixed assets were 1,890,000. What was ABC's depreciation expense on its fixed assets during the year? (enter your answer as a positive number).

Reference no: EM131859621

Questions Cloud

Any difference in the net present value of project : Dennis wants to determine if the discount rate really makes any difference in the net present value of a project.

Nonprofit organization for physically-mentally challenged : A nonprofit organization for physically and mentally challenged people, manufactures a variety of products in four plants located in California

Wishes to trade out of euro and into japanese yen : Suppose a bank customer with €25,000,000 wishes to trade out of euro and into Japanese yen.

What is the expected net income for this year : Given its tax rate of 40%, what is the expected net income for ABC this year?

Depreciation expense on its fixed assets during the year : What was ABC's depreciation expense on its fixed assets during the year?

What is inventory at the end of year : what is ABC's inventory at the end of the year?

How much will accounts receivable change : If sales increase next year from 600,000 to 597,000, by how much will Accounts Receivable change?

When the value of the euro changes : When the value of the euro changes

What amount must be carried forward : how much of the rental loss can Roy deduct this year and what amount must be carried forward?

User Account

All Pages