Earnhardt Driving School 's 2008 balance sheet showed net fixed assets of $3 4 million, and the 2009 balance sheet showed net fixed assets of $4 2 million The company 's 2009 income statement showed a depreciation expense of $385,000 What was net capital spending for 2009 ...

Earnhardt Driving School's 2008 balance sheet showed net fixed assets of $3.4 million, and the 2009 balance

Question:

Earnhardt Driving School's 2008 showed net fixed assets of $3.4 million, and the 2009 showed net fixed assets of $4.2 million. The company's 2009 income statement showed a depreciation expense of $385,000. What was net capital spending for 2009?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...