Nielsen Auto Parts Had Beginning Net Fixed Assets of $218,470

question 53

Multiple Choice

Nielsen Auto Parts had beginning net fixed assets of $218,470 and ending net fixed assets of $209,411. During the year, assets with a book value of $6,943 were sold. Depreciation for the year was $42,822. What is the amount of net capital spending?

• A) $33,763
• B) $40,706
• C) $58,218
• D) $65,161
• E) $67,408

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Definitions:

Nominal U.S. GDP

The gross domestic product of the United States measured in current dollars, without adjusting for inflation.

Foreign Goods

Products made in a country other than one's own, often imported for sale or use.

GDP

Gross Domestic Product, a measure of the economic production and growth of a country, calculated as the total value of all goods and services produced over a specific time period.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate indicator of an economy's size and how it's growing over time.