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

question 70

Multiple Choice

NICO Corporation had net fixed assets of $2,000,000 at the end of 2010 and $1,800,000 at the end of 2009. In addition, the firm had a depreciation expense of $200,000 during 2010 and $180,000 during 2009. Using this information, NICO's net fixed asset investment for 2010 was

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

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Definitions:

Specific Performance Criteria

Detailed and explicit standards used to evaluate an individual's job performance against defined objectives.

Feedback

Information that helps evaluate the success or failure of an action or system.

Developing Potential

The process of nurturing and enhancing an individual's skills and abilities for future roles or performances.

Ongoing Activity

An action or series of actions that continue over a period of time, without a specific end point, often aimed at maintaining or improving a certain condition or state.