Rottweiler Obedience School's December 31,2021, balance sheet showed net fixed assets of $1,810,000, and the December 31,2022, balance sheet showed net fixed assets of $2,210,000. The company's 2022 income statement showed a depreciation expense of $338,000. What was the company's net capital spending for 2022?

Rottweiler Obedience School's December 31,2021, balance sheet showed net fixed assets of $1,810,000, and the December 31,2022, balance sheet showed net fixed assets of $2,210,000. The company's 2022 income statement showed a depreciation expense of $338,000. What was the company's net capital spending for 2022?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter10: Property, Plant And Equipment: Acquisition And Subsequent Investments

Section: Chapter Questions

Problem 8MC

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