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Directions: Use the information below to answer the following question. What was the amount of...

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Accounting

Directions: Use the information below to answer the following question. What was the amount of fixed assets purchased in year 2?
End of Year 1 End of Year 2
Cash $56,000 $50,000
Net Fixed Assets 960,000895,000
Depreciation Expense 78,00088,000
$13,000
$17,000
$23,000
$55,000

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