Rotweiler Obedience School’s December 31, 2015, balance sheet showed net fixed a

Question

Rotweiler Obedience School’s December 31, 2015, balance sheet showed net fixed assets of $1,730,000, and the December 31, 2016, balance sheet showed net fixed assets of $2,050,000. The company’s 2016 income statement showed a depreciation expense of $322,000. What was the company's net capital spending for 2016? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net capital spending $

Explanation / Answer

net fixed asset - Dec 31,2016 2050000 Add : Depriciation 322000 Less: net fixed assets - December 31,2015 1730000 capital spending for 2016 642000

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