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  3. kertis, inc. reported net fixed assets as follows

Kertis, Inc. reported Net fixed assets as follows on its Balance sheets for December 31,...

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Finance

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Kertis, Inc. reported Net fixed assets as follows on its Balance sheets for December 31, Year 1 and December 31, Year 2: Year 1 Year 2 Net fixed assets $285,000 $327,000 On its Year 1 Income statement, Kertis recorded depreciation expense of $26,800 and on its Year 2 Income statement, Kertis recorded depreciation expense of $31,800. Assume that Kertis had Accumulated depreciation in Year 1 of $140,000. If Kertis did not sell any fixed assets in Year 2, what would Kertis have recorded as Accumulated depreciation in Year 2

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