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

question 45

Multiple Choice

NICO Corporation had net fixed assets of $2,000,000 at the end of 2019 and $1,800,000 at the end of 2018.In addition,the firm had a depreciation expense of $200,000 during 2019 and $180,000 during 2018.Using this information,NICO's net fixed asset investment for 2019 was ________.

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

---

Definitions:

Generalizing

Making broad statements or conclusions based on limited data, often extending a notion from specific instances to broader contexts.

Change Initiative

Efforts undertaken by an organization to make significant changes in its operations, culture, or strategy to improve its performance.

Organizational Culture

The shared values, beliefs, norms, and practices that shape the social and psychological environment of a business organization.

Overburdened

Experiencing excessive stress or demands that surpass an individual's or system's capacity to cope effectively.