Question: Problem 2-6 Calculating Net Capital Spending [LO4] Logano Driving School's 2017 balance sheet showed net fixed assets of $4.9 million, and the 2018 balance sheet

Problem 2-6 Calculating Net Capital Spending [LO4] Logano Driving School's 2017

Problem 2-6 Calculating Net Capital Spending [LO4] Logano Driving School's 2017 balance sheet showed net fixed assets of $4.9 million, and the 2018 balance sheet showed net fixed assets of $5.5 million. The company's 2018 income statement showed a depreciation expense of $355,000. What was net capital spending for 2018? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Net capital spending

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