Plenti-good foods has ending net fixed assets of $98,700 and beginning net fixed assets of $84,900. during the year, the firm sold assets with a total book value of $13,200 and also recorded $9,800 in depreciation expense. how much did the company spend to buy new fixed assets?

Company spend to buy new fixed assets = $36,800

Explanation:

Given:

Ending net fixed assets = $98,700

Beginning net fixed assets = $84,900

Total book value = $13,200

Depreciation expense = $9,800

Now,

Company spend to buy new fixed assets

= ending net fixed asset + sold asset book value + depreciation - begnning net fixed asset

or

Company spend to buy new fixed assets

= $98,700 + $13,200 + $9,800 - $84,900

or

Company send to buy new fixed assets = $36,800

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