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Question: Use the Inland Medical Supply, Inc., data

Use the Inland Medical Supply, Inc., data in S11-10 to compute the amount of fixed assets acquired by Inland Medical Supply, Inc., assuming Inland sold no fixed assets in 2016.
Use the Inland Medical Supply, Inc., data in S11-10 to compute the amount of fixed assets acquired by Inland Medical Supply, Inc., assuming Inland sold no fixed assets in 2016.


Use the Inland Medical Supply, Inc., data in S11-10 to compute the amount of fixed assets acquired by Inland Medical Supply, Inc., assuming Inland sold no fixed assets in 2016.





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Inland Medical Supply, Inc. Income Statement Year Ended December 31, 2016 Revenue: Sales Revenue $684,000 Expenses: Cost of Goods Sold $334.000 61,000 Depreciation Expense Other Expenses Total Expense 192,000 587,000 Net Income $ 97,000


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