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During the year the firm sold assets with a total book

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The Furnishings Co. has ending net fixed assets of $67,100 and beginning net fixed assets of $43,800. During the year, the firm sold assets with a total book value of $9,500 and also recorded $7,000 in depreciation expense. How much did The Furnishings Co. spend to buy new fixed assets?

Reference no: EM13571629

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