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ABC Driving School's 2015 balance sheet showed net fixed assets of $3.4 million and the 2016 balance sheet showed net fixed assets of $4.2 million.
ABC Driving School's 2015 balance sheet showed net fixed assets of $3.4 million and the 2016 balance sheet showed net fixed assets of $4.2 million. The company's 2016 income statement showed a depreciation expense of $385,000. What was the net capital spending for 2016?
a.
-$415,000
b.
$415,000
c.
$800,000
d.
$1,185,000
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