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Logano Driving Schools 2017 balance sheet showed net fixed assets of $4.2 million, and the 2018 balance sheet showed net fixed assets of $5.5 million.
Logano Driving Schools 2017 balance sheet showed net fixed assets of $4.2 million, and the 2018 balance sheet showed net fixed assets of $5.5 million. The company's 2018 income statement showed a depreciation expense of $815,000. What was net capital spending for 2018?
Multiple Choice
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$485,000
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$-1,300,000
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$1,300,000
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$2,115,000
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$-485,000
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