Question: Calculating Net Capital Spending Gordon Driving School s 2011 balance sheet
Calculating Net Capital Spending Gordon Driving School’s 2011 balance sheet showed net fixed assets of $1.42 million, and the 2012 balance sheet showed net fixed assets of $1.69 million. The company’s 2012 income statement showed a depreciation expense of $145,000. What was Gordon’s net capital spending for 2012?
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