Plato's Foods Has Ending Net Fixed Assets of $84,400 and Beginning

question 33

Multiple Choice

Plato's Foods has ending net fixed assets of $84,400 and beginning net fixed assets of $79,900.During the year,the firm sold assets with a total book value of $13,600 and also recorded $14,800 in depreciation expense.How much did the company spend to buy new fixed assets?

• A)-$23,900
• B)$3,300
• C)$32,900
• D)$36,800
• E)$37,400

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Definitions:

Variable Costs

Expenses that change in proportion to the production or sales levels, including labor and materials.

Fixed Costs

Expenses that do not change with the level of production or sales activities within a certain range or time period, like rent or salaries.

Sensor Division

A specialized unit within a company focused on the development, production, and sale of sensor technology.

Safety Products Division

A specialized division within a company focused on the development, manufacture, and distribution of safety-related products.