(Answered) Bowyer driving schools 2014 balance sheet showed net fixed

Management Studies

Bowyer Driving School's 2014 balance sheet showed net fixed assets of $3.6 million, and the 2015 balance sheet showed net fixed assets of $4 million. The company's 2015 income statement showed a depreciation expense of $400,000.

What was net capital spending for 2015? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

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