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

question 65

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 combined 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:

Cellular Slime Molds

Organisms that exist as individual amoeboid cells but can aggregate to form multicellular reproductive structures under certain conditions.

Representative Clade

A group of organisms that together represent a branch of the tree of life, sharing a common ancestor.

Supergroup

In biology, a high-level taxonomic rank above the group level, often used in the classification of life forms that share common evolutionary traits.

Green Algae

Photosynthetic, aquatic organisms in the Chlorophyta division, considered the ancestors of land plants.