Morenas Driving Schools 2015 statement of financial position showed non-current assets of 4.2 million. One year later,

Question:

Morena’s Driving School’s 2015 statement of financial position showed non-current assets of £4.2 million. One year later, the 2016 statement of financial position showed non-current assets of £4.7 million. The company’s 2016 income statement showed a depreciation expense of £925,000. What was Morena’s net capital spending for 2016?

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