Yale Driving Schools 2011 statement of financial position showed net fixed assets of $3.4 million, and the

Question:

Yale Driving School’s 2011 statement of financial position showed net fixed assets of $3.4 million, and the 2012 statement of financial position showed net fixed assets of $4.2 million. The company’s 2012 statement of comprehensive income showed a depreciation expense of $385,000. What was net capital spending in 2012?

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