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16 Logano Driving Schools 2017 balance sheet showed net fixed assets of $3.6 million, and...

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Finance

16

Logano Driving Schools 2017 balance sheet showed net fixed assets of $3.6 million, and the 2018 balance sheet showed net fixed assets of $4 million. The companys 2018 income statement showed a depreciation expense of $400,000. What was net capital spending for 2018? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

What was net capital spending for 2018? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

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