Rotweiler Obedience School's December 31, 2007, balance sheet showed net fixed assets of $1.875 million, and the

Question:

Rotweiler Obedience School's December 31, 2007, balance sheet showed net fixed assets of $1.875 million, and the December 31, 2008, balance sheet showed net fixed assets of $2.12 million. The company's 2008 income statement showed a depreciation expense of $220,000. What was Rotweiler's net capital spending for 2008?

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...