NICO Corporation 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. $20,000.
B. $0.
C. $380,000.
D. $400,000.
Answer:D
NICO Corporation 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. $20,000. B. $0. C. $380,000. D. $400,000.