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23 February, 15:26

Rotweiler Obedience School's December 31, 2007, Balance Sheet showed Net Fixed Assets of $1.875 million, and the December 31, 2008, Balance Sheet showed Net Fixed Assets of $2.12 million. The company's 2008 Income Statement showed a Depreciation Expense of $220,000. What was Rottweiler's Net Capital Spending for 2008?

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  1. 23 February, 16:44
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    Rottweiler's Net Capital Spending for 2008: $0,465 million.

    Explanation:

    December 31, 2007 Net Fixed Assets of $1.875

    Dureing 2008 Depreciation Expense of - $0,220

    December 31, 2008 Net Fixed Assets of $1.655

    Net Capital Spending for 2008 $0,465.

    December 31, 2008 Net Fixed Assets of $2.120
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