Depreciation expense-what was net capital spending

Assignment Help Financial Management
Reference no: EM131945637

Earnhardt Driving School's 2008 balance sheet showed net fixed assets of $3.6 million, and the 2009 balance sheet showed net fixed assets of $6.1 million. The company's 2009 income statement showed a depreciation expense of $825,000. What was net capital spending for 2009?

Reference no: EM131945637

Questions Cloud

What is this reaction half-life : The concentration of A(aq) is reduced to 33.6 % of its initial value in 1.74 minutes. What is this reaction's half-life (in s)?
What steps would you take to communicate this finding : While performing an audit on the internal control over financial reporting for AirWaves Corporation, What steps would you take to communicate this finding
Define diversity in brief : Define diversity. What are some issues you have to address when you are negotiating with someone from a different culture.
Equilibrium constant for the formation of cu : The equilibrium constant for the formation of Cu(CN)42- is 2.0 x 1030. Calculate the value of pCu2+, or -log[Cu2+], if we were to dissolve 2.87 g
Depreciation expense-what was net capital spending : The company's 2009 income statement showed a depreciation expense of $825,000. What was net capital spending for 2009?
Determine the standard direct labor hours per oil change : Monte Services, Inc. is trying to establish the standard labor cost of a typical oil change. Determine the standard direct labor hours per oil change
Small business experiences in an international expansion : What do you think are some factors a small business experiences in an international expansion?
Create barriers to fulfilling professional responsibility : Post a scenario of how a social worker's personal, ethical, and moral values in relation to the LGBTQ community might conflict with those of their clients.
Compute the total materials variance : Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.84 and the quantity purchased

Reviews

Write a Review

Financial Management Questions & Answers

  How can government get rid of the free-riders problems

How can a government get rid of the free-riders problems in public finance and taxation?

  Construct equity account for guaraldi at end of first year

Construct the equity account for Guaraldi at the end of its first year in business and calculate the firm's market capitalization.

  What is the amount of the cash flow from assets

J. Clarkson's High Gear Autowerks has an operating profit of $55,962, What is the amount of the cash flow from assets?

  Makes short term borrowings denominated

A U.S. based firm makes a short term borrowings denominated in £ from a bank in U.K. The quoted interest rate on this loan is 5.75%. If the spot exchange rate of U.S.$ at the time of taking loan was £0.82 and at the time of expiration was £0.79, comp..

  How much does the electronic firm generate in sales

For every dollar in assets, how much does the electronic firm generate in sales? Please show the calculation detail.

  Expected dividend growth for years

The expected dividend growth for years 1 to 10 is -0.9% per year. what is the current price at time year 0

  What is the cost of equity after recapitalization

Bruce & Co. expects its EBIT to be $42,000 every year forever. What is the cost of equity after recapitalization?

  Find the price of the option-risk free interest rate

XYZ Stock is selling for $60. It can either rise by 10% or fall by 10% during the period. Find the hedge ratio if a call option has an exercise price of $60. Find the price of the option if the risk free interest rate is 5%.

  Is futures overpriced or underpriced relative to fair value

The current price of silver is $30 per ounce. Assume that the storage cost is zero. The 3-month interest rate is 4% per annum (with continuous compounding). A CME silver futures contract is current trading at $28 (per ounce) will mature in three mont..

  What price would you expect to pay for the bond

To calculate the number of years until maturity, What price would you expect to pay for the Kenny Corp. bond?

  Opportunity cost of capital for type of equipment

Your company’s tax rate is 45%, and the opportunity cost of capital for this type of equipment is 12%. Is it profitable to replace the year old machine?

  Calculate the NPV of investment

Archer Daniels Midland Company is considering buying a new farm that it plans to operate for 10 years. The farm will require an initial investment of $12.00 million. Calculate the NPV of this investment and determine if the project should be rejected..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd