Rottweiler Obedience School's December 31, 2021, balance sheet showed net fixed assets of $2.3 million, and the December 31, 2022, balance sheet showed net fixed assets of $3.1 million. The company's 2022 income statement showed a depreciation expense of $327,000. What was the company's net capital spending for 2022? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567. Answer is complete but not entirely correct. Net capital spending $ 326,999

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Rottweiler Obedience School's December 31, 2021, balance sheet showed net fixed assets of
$2.3 million, and the December 31, 2022, balance sheet showed net fixed assets of $3.1 million.
The company's 2022 income statement showed a depreciation expense of $327,000. What was
the company's net capital spending for 2022?
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of
dollars, rounded to the nearest whole number, e.g., 1,234,567.
Answer is complete but not entirely correct.
Net capital spending
$
326,999
Transcribed Image Text:Rottweiler Obedience School's December 31, 2021, balance sheet showed net fixed assets of $2.3 million, and the December 31, 2022, balance sheet showed net fixed assets of $3.1 million. The company's 2022 income statement showed a depreciation expense of $327,000. What was the company's net capital spending for 2022? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567. Answer is complete but not entirely correct. Net capital spending $ 326,999
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