NICO Corporation Had Net Fixed Assets of $2,000,000 at the End

question 121

Multiple Choice

NICO Corporation had net fixed assets of $2,000,000 at the end of 2015 and $1,800,000 at the end of 2014. In addition, the firm had a depreciation expense of $200,000 during 2015 and $180,000 during 2014. Using this information, NICO's net fixed asset investment for 2015 was ________.

• A) $20,000
• B) $0
• C) $380,000
• D) $400,000

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