If Beta Limited has opening PP&E balance of 150, a depreciation expense of 75, and a closing PP&E balance of 170, what is Beta's net capital expenditure (or CAPEX)?
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Beta's net capital expenditure (or CAPEX) is 95
Explanation:
The computation of the Beta's net capital expenditure is shown below:
= Closing PP&E balance + depreciation expense - opening PP&E balance
= 170 + 75 - 150
= 95
While computing it, we added the depreciation expense and deduct the opening PP&E balance to the Closing PP&E balance so that the accurate amount can come
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