Gordon Driving Schools 2014 balance sheet showed net fixed assets of $1.65 million, and the 2015 balance

Question:

Gordon Driving School’s 2014 balance sheet showed net fixed assets of $1.65 million, and the 2015 balance sheet showed net fixed assets of $1.73 million. The company’s 2015 statement of comprehensive income showed a depreciation expense of $284,000. What was Gordon’s net capital spending for 2015?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...