Bowyer Driving School’s 2014 balance sheet showed net fixed assets

jagguarpaw January 18, 2017 0 Comments

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 $