Question

Evil Pop Co. began the year with net fixed assets of $17,528 and had $18,869 in...

Evil Pop Co. began the year with net fixed assets of $17,528 and had $18,869 in the account at the end of the year. During the year, the company paid $4,342 in interest and expensed $3,840 in depreciation. The company purchased $8,940 in fixed assets during the year. How much in fixed assets did the company sell during the year?

Multiple Choice

  • $5,939

  • $3,759

  • $4,181

  • $9,553

  • $839

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Homework Answers

Answer #1
Opening Fixed assets $                17,528
Add: Purchase of new assets $                  8,940
Less: Depreciation $                 (3,840)
Less: Closing fixed assets $               (18,869)
Book value of assets sold $                  3,759
So option B is the right answer.
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