How much did the company spend to buy new fixed assets

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Reference no: EM132063848

Question

During the year, Carson Egg Processing sold assets with a total book value of $25,600 and also recorded $20,745 in depreciation expense. Carson had beginning net fixed assets of $85,642 with ending net fixed assets of $124,512.

The market value of assets sold was $37,500 and the market value of ending net fixed assets is $154,250. How much did the company spend to buy new fixed assets?

Reference no: EM132063848

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