Consider Net Capital Expenditures as the total amount of cash spent on obtaining capitalizable, non-current assets minus the total cash received from the sale or disposal of these assets.
During 2013 Holey Foods spent $14,000 on supplies; spent $20,000 on brand new equipment, which depreciated $4,000 during the year; sold the item noted above in Question 1; incurred $3,500 of expenses related to repairing other equipment, $800 of which it did not yet pay; and spent $1,000 improving the useful life and efficiency of its building.
What is the amount of Net Capital Expenditures for Holey Foods in 2013? 2 points.