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Wallace Driving Schools 2020 balance sheet showed net fixed assets of $4.7 million, and the 2021 balance sheet showed net fixed assets of $5.3 million.

Wallace Driving Schools 2020 balance sheet showed net fixed assets of $4.7 million, and the 2021 balance sheet showed net fixed assets of $5.3 million. The companys 2021 income statement showed a depreciation expense of $405,000. What was net capital spending for 2021

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