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Wallace Driving Schools 2020 balance sheet showed net fixed assets of $3.6 million, and the 2021 balance sheet showed net fixed assets of $4 million.
Wallace Driving Schools 2020 balance sheet showed net fixed assets of $3.6 million, and the 2021 balance sheet showed net fixed assets of $4 million. The companys 2021 income statement showed a depreciation expense of $400,000. What was net capital spending for 2021? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
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