The December 31, 2009 balance sheet shows net fixed assets of $150,000
The December 31, 2009 balance sheet shows net fixed assets of $150,000 and the December 31, 2010
balance sheet shows net fixed assets of $250,000. Depreciation expense for 2009 is $25,000 and
depreciation expense for 2010 is $35,000.
Based on this information, the cost of fixed assets
purchased during 2010 is
A) $100,000. B) $160,000. C) $110,000. D) $135,000.
ANSWER
D
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