What was net capital spending

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Reference no: EM131923641

Bowyer Driving School’s 2014 balance sheet showed net fixed assets of $4.9 million, and the 2015 balance sheet showed net fixed assets of $5.5 million. The company’s 2015 income statement showed a depreciation expense of $355,000.

What was net capital spending for 2015? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

Reference no: EM131923641

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