Rotweiler Obedience School\'s December 31, 2015, balance sheet showed net fixed
ID: 2825301 • Letter: R
Question
Rotweiler Obedience School's December 31, 2015, balance sheet showed net fixed assets of $1,725,000, and the December 31, 2016, balance sheet showed net fixed assets of $2,040,000. The company's 2016 income statement showed a depreciation expense of $321,000 What was the company's net capital spending for 20167 (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 capital spending = fixed assets at the end - fixed assets at the beginning + Depreciation expenses
= $2,040,000 - $ 1,725,000 + $321,000
= $636,000
therefore net capital spending is $636,000
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