Question: Calculating Net Capital Spending Kahne Driving Schools 2006 balance sheet showed net fixed assets of $4.6 million, and the 2007 balance sheet showed net fixed

Calculating Net Capital Spending Kahne Driving School’s 2006 balance sheet showed net fixed assets of $4.6 million, and the 2007 balance sheet showed net fixed assets of $5.2 million. The company’s 2007 income statement showed a depreciation expense of $875,000. What was net capital spending for 2007?

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