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Memphic Memphic
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6 years ago
Zoe Dental Implements has gross property, plant and equipment totaling $1.4 million, depreciation expense this year of $200,000, and accumulated depreciation last year of $550,000.  What is Zoe's net property, plant and equipment?
A) $1.4 million
B) $1.2 million
C) $550,000
D) $650,000
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
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wrote...
6 years ago
D
Explanation:  D) Ending Accumulated Depreciation = $550,000 + $200,000 = $750,000.
Net PP&E = $1,400,000 - $750,000 = $650,000
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