Logano Driving School's 2017 balance sheet showed net fixed assets of
$3.8
million, and the 2018 balance sheet showed net fixed assets of
$5.8
million. The company's 2018 income statement showed a depreciation expense of
$895,000
. What was net capital spending for 2018 ?

Question

Logano Driving School's 2017 balance sheet showed net fixed assets of

$3.8

million, and the 2018 balance sheet showed net fixed assets of

$5.8

million. The company's 2018 income statement showed a depreciation expense of

$895,000

. What was net capital spending for 2018 ?

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Solution for - Logano Driving School's 2017 balance sheet showed net fixed assets of $3.8 million, and the 2018 bal

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