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

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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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Fundamentals of corporate finance

ISBN: 978-0078034633

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Jun 29, 2018 11:30 AM

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

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