Zoey Pet Supply Had $314,000 in Net Fixed Assets at the Beginning

question 98

Multiple Choice

Zoey Pet Supply had $314,000 in net fixed assets at the beginning of the year.During the year, the company purchased $98,200 in new equipment.It also sold, at a price of $10,000, some old equipment that had a book value of $12,500.The depreciation expense for the year was $24,500.What is the net fixed asset balance at the end of the year?

• A)$260,000
• B)$283,700
• C)$424,200
• D)$375,200
• E)$277,000

---

Definitions:

Lymphoid Tissue

A type of connective tissue that includes lymphocytes, aiding in the immune response by fighting off infections.

Lymphocytes

A type of white blood cell that is part of the immune system, involved in protecting the body from infectious disease and foreign invaders.

White Blood Cells

Immune system cells that play a crucial role in defending the body from infectious diseases and external threats.

Blood Plasma

The liquid component of blood that carries cells and proteins throughout the body, comprising about 55% of total blood volume.