Earnhardt Driving School's 2008 balance sheet showed net fixed assets of $4.1 million, and the 2009 balance sheet showed net fixed assets of $5.6 million. The company's 2009 income statement showed a depreciation expense of $965,000. What was net capital spending for 2009?

Answer rating: 100% (QA)

Net capital spending for 2009 can be calculated using the formula Net Capital Spending Ending Net F... View the full answer