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Question
assume the following: reserve for depreciation at current year end= $50,000; current years depreciation expense= $10,000; original cost of fixed assets= $200,000; inventory at current year end= $20,000; current years amortization expense= $5,000.
calculate the net book value of the fixed assets. correct answer is:
a $150,000
b $190,000
c $140,000
d none of the above
Answer
This answer is hidden. It contains 1 characters.
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