Rotweiler Obedience Schools December 31, 2015, balance sheet showed net fixed assets of $1,735,000, and...
80.2K
Verified Solution
Link Copied!
Question
Finance
Rotweiler Obedience Schools December 31, 2015, balance sheet showed net fixed assets of $1,735,000, and the December 31, 2016, balance sheet showed net fixed assets of $2,060,000. The companys 2016 income statement showed a depreciation expense of $323,000.
What was the company's net capital spending for 2016? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Net capital spending $
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
