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:

Block Scheduling

An organizational approach in education where classes are scheduled in longer blocks of time rather than traditional shorter periods.

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The ability to perform several tasks simultaneously.

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The absence of admiration or esteem for someone or something, often resulting in discourteous or disparaging behavior.