Most Visited @ Getting StartedMy USC Aiken-Black. The True Story of Poc. connect

Question

Most Visited @ Getting StartedMy USC Aiken-Black. The True Story of Poc. connect. BADM 363 Business Finance: Fall 2017 (ALL Crystal Sell Exam #2 (Chapters 2&3) Question 3 (of 50 Save & Exit Submt 3· 1 0.00 points Problem 2-8 Calculating Net Capital Spending [LO 4] Rotweiler Obedience School's December 31, 2015, balance sheet showed net foxed assets ot $1,765,000, and the December 31, 2016, balance sheet showed net fixed assets of $2,120,000. The statement showed a depreciation expense of $329,000 What was the company's net capital spending for 2016? (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 company's 2016 income number, e-g., 32.) Net capital spending $ LO 4) 617 PM B 1/10/2017

Explanation / Answer

To beginning balance 1765000 By deprecaition 329000 To net capital spending(balance) $684000 By ending balance 2120,000 Total $2449000 Total $2449000

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