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Robert Companys 2009 balance sheet reported net fixed assets of $ 11,101,741 and accumulated depreciation of ($ 3,289,339 ).
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Answer #1

Change in gross fixed assets = (Net fixed assets for 2010 + accumulated depreciation for 2010) - (Net fixed assets for 2009 + accumulated depreciation for 2009)

= ($16,622,966 + $5,139,286) - ($11,101,741 + $3,289,339)

= $21,762,252 - $14,391,080

= $7,371,172


Change in gross fixed assets = 7371172

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