Sab AV Aa-2-A-EEE Shapes Arrange Font Paragraph Drawing Question 2 You are reviewing the financial...
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Sab AV Aa-2-A-EEE Shapes Arrange Font Paragraph Drawing Question 2 You are reviewing the financial statements of three companies in the same industry. Specifically, you interested in the transactions surrounding capital assets during the past year. The following information is available for the three companies. Compute the unknowns Sunlight Co. $850,500 Photo Co. $712,200 Synthesis Co. S488,300 960,000 706,800 284.400 Beginning capital assets, net of depreciation Ending capital assets net of depreciation Depreciation expense Gain (loss) on sale of capital 65,200 5,500 49,300 (b) (0) (16,800) assets 230,600 (a) 128.000 72,500 55.600 184,900 Costs of capital assets acquired Proceeds from sale of capital assets
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