A company's 2018 statement of financial position showed net fixed assets of $8,000,000, and the 2019 statement of finacial position showed net fixed assets at
A company's 2018 statement of financial position showed net fixed assets of $8,000,000, and the 2019 statement of finacial position showed net fixed assets at $9,500,000. The company's 2019 statement of comprehensive income showed a depreciation expense of $800,000. What was net capital spending in 2019?
Do not round intermediate calculations. Round the final answer to 2 decimal places.
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Authors: Hal Scott, Anna Gelpern
21st Edition
1634602048, 978-1634602044
