The Blue Bonnet's 2010 balance sheet showed net fixed assets of $2.2 million,and the 2011 balance sheet showed net fixed assets of $2.6 million.The company's income statement showed a depreciation expense of $900,000.What was the amount of the net capital spending for 2011?
A)-$500,000
B)$400,000
C)$1,300,000
D)$1,700,000
E)$1,800,000

Question

Quizplus · Accepted Answer

Net capital spending = $2,600,000 - $2,200,000 + $900,000 = $1,300,000

The Blue Bonnet's 2010 Balance Sheet Showed Net Fixed Assets