Wednesday, 2 October 2019

Logano Driving School’s 2017 balance sheet showed net fixed assets of $3.2 million, and the 2018 balance

Logano Driving School’s 2017 balance sheet showed net fixed assets of $3.2 million, and the 2018 balance sheet showed net fixed assets of $3.8 million. The company’s 2018 income statement showed a depreciation expense of $235,000.
What was net capital spending for 2018? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

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