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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