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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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mltn1980

Answer:

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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