Micro, Inc., started the year with net fixed assets of $75,175. At the end of the year, there was $96,525 in the same account, and the company's income statement showed depreciation expense of $13,175 for the year. What was the company's net capital spending for the year? a) $83,350
b) $40,010
c) $21,350
d) $42,420
e) $34,525

e $34,525

Explanation:

Micro inc started the year with a net fixed assets of $75,175

At the end of the year, the net fixed assets was $96,525

The depreciation expense was $13,175

Therefore, the company's net capital spending for the year would be calculated as;

= Ending net fixed assets + Depreciation expense - Beginning net fixed cost

= $96,525 + $13,175 - $75,175

= $34,575

okay lol !

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- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.