1. Bowyer Driving School’s 2014 balance sheet showed net fixed assets of $5.6 million, and the 2015 balance sheet showed net fixed assets of $6.2 million. The company’s 2015 income statement showed a depreciation expense of $215,000.
What was net capital spending for 2015?
2. Explain the four structures of business and select a structure and explain how the use of that business structure would impact the financial management of a particular company.