Awnings Inc

question 44

Multiple Choice

Awnings Inc.has beginning net fixed assets of $234,100 and ending net fixed assets of $243,600.Assets valued at $42,500 were sold during the year.Depreciation was $62,500.What is the amount of net capital spending?

• A)−$42,500
• B)$9,500
• C)$72,000
• D)$53,000
• E)$29,500

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Definitions:

OB

Also known as Organizational Behavior, it is the study of how people interact within groups in a work environment.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment, characterized by logical thinking, questioning assumptions, and assessing evidence.

Human Capital

The knowledge, skill sets, and abilities that employees bring to the workplace, viewed as an asset to the organization.

Value

The importance or worth of something, often used in the context of the benefits or usefulness it holds.