
Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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What was net capital spending?

Transcribed Image Text:Carlisle Driving School's beginning-of-year
balance sheet showed net fixed assets of
$3.2 million, and the end-of-year balance
sheet showed net fixed assets of $4.1
million. The company's income statement
showed a depreciation expense
$380,000.
What was net capital spending?
of
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