Wallace Driving Schools 2020 balance sheet showed net fixed assets of $2.3 million, and the 2021 balance
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Wallace Driving School’s 2020 balance sheet showed net fixed assets of $2.3 million, and the 2021 balance sheet showed net fixed assets of $3.1 million. The company’s 2021 income statement showed a depreciation expense of $327,000. What was net capital spending for 2021?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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