Question: Earnhardt Driving School s 2010 balance sheet showed net fixed assets

Earnhardt Driving School’s 2010 balance sheet showed net fixed assets of $2.8 million, and the 2011 balance sheet showed net fixed assets of $3.6 million. The company’s 2011 income statement showed a depreciation expense of $345,000. What was net capital spending for 2011?


View Solution:


Sale on SolutionInn
Sales1
Views509
Comments
  • CreatedMarch 13, 2014
  • Files Included
Post your question
5000