Question: Earnhardt Driving Schools 2010 balance sheet showed net fixed assets of $2.8 million, and the 2011 balance sheet showed net fixed assets of $3.6 million.

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?

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