Earnhardt Driving School's 2018 balance sheet showed net fixed assets of $5.4 million, and the 2019...

 

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Earnhardt Driving School's 2018 balance sheet showed net fixed assets of $5.4 million, and the 2019 balance sheet showed net fixed assets of $6 million. The company's 2019 income statement showed a depreciation expense of $425,000. What was the company's net capital spending for 2019? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Net capital spending $ 1,025,000 Earnhardt Driving School's 2018 balance sheet showed net fixed assets of $5.4 million, and the 2019 balance sheet showed net fixed assets of $6 million. The company's 2019 income statement showed a depreciation expense of $425,000. What was the company's net capital spending for 2019? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Net capital spending $ 1,025,000

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Net capital spending can be calculated using the fol... View the full answer