Bowyer Driving schools 2014 balance sheet showed neck fixed assets of $4.2 million, and the 2015...
Homework Answers
Fixed assets as on 2014 is 4200000
Less depreciation 205000
Add purchase = x( we have to find)
Fixed assets as on 2015=5000000
So capital spending is 5000000-4200000+205000
= 1005000(as purchase is capital expenditure)
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Bowyer Driving schools 2014 balance sheet showed neck fixed assets
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