Rotweiler Obedience Schools December 31 2015 balance sheet s

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 $

Solution

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