Examining balance sheets, You are examining balance sheets

Examining balance sheets

Assignment Help Financial Management

Reference no: EM13944443

You are examining balance sheets for 2012 and 2013 and you observe that a company's net fixed assets increased from $45 million to $50 million. The income staement states that depreciation was $2 million. If it's the case that the company purchased a total of $10 million in fixed asets during the year, how much must they have sold?

a. $3 million

b. $0

c. $10 million

d. $5 million

e. Cannot be determined from the information given

Reference no: EM13944443

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