The companys 2010 income statement showed a depreciation, Finance Basics

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The companys 2010 income statement showed a depreciation

Calculating Net Capital Spending Martin Driving School's 2009 balance sheet showed net fixed assets of $4.7 million, and the 2010 balance sheet showed net fixed assets of $5.3 million. The company's 2010 income statement showed a depreciation expense of $760,000. What was the company's net capital spending for 2010?

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Finance Basics: The companys 2010 income statement showed a depreciation

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