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All the answers must be entered as a formula. Bowyer Driving School's beginning of year balance sheet showed net fixed assets of $2.7 million, and
All the answers must be entered as a formula.
Bowyer Driving School's beginning of year balance sheet showed net fixed assets of $2.7 million, and the end of year balance sheet showed net fixed assets of $3.5 million. The company's income statement showed a depreciation expense of $328,000. What was net capital spending? Beginning net fixed assets Ending net fixed assets $ $ 2,700,000 3,500,000 Depreciation expense $ 328,000 Complete the following analysis. Do not hard code values in your calculations. Net capital spendingStep by Step Solution
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