Question

Chapter 02 - Homework Proble x M Table 2.3.JPG (679x237) X M MHE Reader x G net income with tax rate - Goo G how to a → C newconnect.mheducation.com/flow/connect.html Portal Links HHS Complaint & .. Chapter 02 - Homework Problems Saved Busch Driving School's 2016 balance sheet showed net fixed assets of $4.4 million, and the 2017 balance sheet showed net fixed assets of $5.1 million. The company's 2017 Income statement showed a depreciation expense of $240,000. What was the company's net capital spending for 2017? (Do not round Intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1.234,567.) Net capital spending Net capoi spending so

Busch Driving Schools

Answer 1

Net Capital Spending = (Ending Net Fixed Assets - Beginning Net Fixed Assets) + Depreciation

Net Capital Spending = ($5,100,000 - $4,400,000) + $240,000

Net Capital Spending = $940,000