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Please see below information of Company Q: Fixed assets in 2020 = $387,000...

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Finance

Please see below information of Company Q:

Fixed assets in 2020 = $387,000

Sales in 2020 = $510,000

The management predicts that the sales will be $664,000 in 2021.

We also know that Company Q was operating at 86% of its fixed asset capacity in 2020.

Please calculate the amount of new fixed assets that Company Q needs to purchase in 2021 to support the growth in sales.

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