Rotweiler Obedience School’s December 31, 2009, balance sheet showed net fixed assets of $1,467,672, and the December 31, 2010, balance sheet showed net fixed assets of $2,158,659. The company’s 2010 income statement showed a depreciation expense of $235,055. What was Rotweiler’s net capital spending for 2010?

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Rotweiler Obedience School’s December 31, 2009, balance sheet showed net fixed assets of $1,467,672, and the December 31, 2010, balance sheet showed net fixed assets of $2,158,659. The company’s 2010 income statement showed a depreciation expense of $235,055. What was Rotweiler’s net capital spending for 2010?
 
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