Determine amount of capital spending


Question: Teddy's Pillows has starting net fixed assets of $480 & ending net fixed assets of $530. Assets valued at $300 were sold during the year. Depreciation was 40 dollar. Determine the amount of capital spending? 

[A] $90

[B] $260

[C] $390

[D] $10

[E] $50

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Finance Basics: Determine amount of capital spending
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