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A company's 2020 statement of comprehensive income showed depreciation expense of $2,400,000. The company's 2019 statement of financial position showed net fixed assets of $24,000,000
A company's 2020 statement of comprehensive income showed depreciation expense of $2,400,000. The company's 2019 statement of financial position showed net fixed assets of $24,000,000 and its 2020 statement of financial position showed net fixed assets at $36,000,000. What was this company's net capital spending in 2020?
Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.
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