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Rayburn Company had net fixed assets of $6.5 million on December 31, 2020 and $11 million on December 31, 2021. If Rayburn's depreciation expense for

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Rayburn Company had net fixed assets of $6.5 million on December 31, 2020 and $11 million on December 31, 2021. If Rayburn's depreciation expense for 2021 was $750,000, what was the firm's 2021 capital spending? $4.50 million $4.25 million $3.75 million $6.75 million $5.25 million

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