Find out the amount of net capital spending, Accounting Basics

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Find out the amount of net capital spending

Problem:

Teddy's Pillows has beginning net fixed assets of $461 and ending net fixed assets of $530. Assets valued at $309 were sold during the year. Depreciation was $22.

Required:

Question: What is the amount of net capital spending?

$47
$243
$91
$69
$400

Note: Please provide reasons to support your answer.

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Accounting Basics: Find out the amount of net capital spending

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Accounting Basics: Find out the amount of net capital spending

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