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Earnhardt Driving School\'s 2008 balance sheet showed net fixed assets of $3.9 m

ID: 2659493 • Letter: E

Question

Earnhardt Driving School's 2008 balance sheet showed net fixed assets of $3.9 million, and the 2009 balance sheet showed net fixed assets of $6.4 million. The company's 2009 income statement showed a depreciation expense of $805,000. What was net capital spending for 2009?


Earnhardt Driving School's 2008 balance sheet showed net fixed assets of $3.9 million, and the 2009 balance sheet showed net fixed assets of $6.4 million. The company's 2009 income statement showed a depreciation expense of $805,000. What was net capital spending for 2009?


$1,695,000 $-2,500,000 $2,500,000 $3,305,000 $-1,695,000

Explanation / Answer


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