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Earnhardt Driving School's 2008 balance sheet showed net fixed assets of $4.5 million, and the 2009 balance sheet showed net fixed assets of $5.4 million.

Earnhardt Driving School's 2008 balance sheet showed net fixed assets of $4.5 million, and the 2009 balance sheet showed net fixed assets of $5.4 million. The company's 2009 income statement showed a depreciation expense of $935,000. What was net capital spending for 2009?

rev: 09_17_2012

Multiple Choice

  • $900,000

  • $1,835,000

  • $-900,000

  • $35,000

  • $-35,000

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