(Solution) - Calculating Net Capital Spending Kahne Driving School s 2006 bal -(2025 Original AI-Free Solution)

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Calculating Net Capital Spending Kahne Driving School?s 2006 balance sheet showed net fixed assets of $4.6 million, and the 2007 balance sheet showed net fixed assets of $5.2 million. The company?s 2007 income statement showed a depreciation expense of $875,000. What was net capital spending for 2007?