The December 31,2009 Balance Sheet Shows Net Fixed Assets of $150,000

question 15

Multiple Choice

The December 31,2009 balance sheet shows net fixed assets of $150,000 and the December 31,2010 balance sheet shows net fixed assets of $250,000.Depreciation expense for 2009 is $25,000 and depreciation expense for 2010 is $35,000.Based on this information,the cost of fixed assets purchased during 2010 is

• A) $100,000.
• B) $110,000.
• C) $135,000.
• D) $160,000.

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Definitions:

Okazaki Fragments

Short strands of DNA formed on the lagging strand during DNA replication, which are later joined to form a continuous strand.

Restriction Enzyme

One of a class of enzymes that cleave DNA at specific base sequences; produced by bacteria to degrade foreign DNA; used in recombinant DNA technology.

DNA Ligase

A substance that helps in the combination of DNA molecules by catalyzing a phosphodiester bond.

Cosmid Cloning Vectors

Hybrid plasmid-bacteriophage DNA vectors used in genetic engineering for cloning large DNA fragments.