Net fixed asset investment


NICO Corporate had net fixed assets of $2,000,000 at the end of 2006 and $ 1,800,000 at the end of 2005. In addition, the firm had a depreciation expense of $200,000 during 2006 and $180,000 during 2005. Using this information, NICO's net fixed asset investment for 2006 was:

A. $ 400,000

B. $ 380,000

C. $ 0

D. $ 20,000

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Accounting Basics: Net fixed asset investment
Reference No:- TGS052227

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