Bowyer Driving School’s 2014 balance sheet showed net fixed assets
Question: Bowyer Driving School’s 2014 balance sheet shower…
Bowyer Driving School’s 2014 balance sheet showed net fixed assets of $5.4 million, and the 2015 balance sheet showed net fixed assets of $6 million. The company’s 2015 income statement showed a depreciation expense of $425,000.
What was net capital spending for 2015? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Net capital spending $
Bowyer Driving School’s 2014 balance sheet Bowyer Driving School’s 2014 balance sheet showed net Bowyer Driving School’s 2014 balance sheet showed net fixed Bowyer Driving School’s 2014 balance sheet showed net fixed assets Bowyer Driving School’s 2014 balance sheet showed net fixed assets of $5.4 Bowyer Driving School’s 2014 balance sheet showed net fixed assets of $5.4 million