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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