Problem

Calculating Net Capital Spending Gordon Driving School’s 2009 balance sheet showed net fix...

Calculating Net Capital Spending Gordon Driving School’s 2009 balance sheet showed net fixed assets of $1.65 million, and the 2010 balance sheet showed net fixed assets of $1.73 million. The company’s 2010 income statement showed a depreciation expense of $284,000. What was Gordon’s net capital spending for 2010?

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