WSMovers Had $138,600 in Net Fixed Assets at the Beginning

question 20

Multiple Choice

W.S.Movers had $138,600 in net fixed assets at the beginning of the year.During the year,the company purchased $27,400 in new equipment.It also sold,at a price of $5,300,some old equipment that had a book value of $2,100.The depreciation expense for the year was $6,700.What is the net fixed asset balance at the end of the year?

• A)$146,900
• B)$159,300
• C)$163,900
• D)$157,200
• E)$148,400

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Definitions:

Beneath

A preposition used to describe something located at a lower level or layer than something else.

Gastrocnemius

A major muscle located in the back part of the lower leg, involved in walking, running, and jumping.

Calf

The muscular back part of the lower leg between the knee and ankle, or a young bovine animal.

Leg

A limb on a human or animal's body that supports movement and weight, extending from the hip to the foot.