The companys 2017 income statement showed depreciation, Financial Management

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The companys 2017 income statement showed depreciation

Bearcub Driving School had a 2017 balance sheet showing net fixed assets (NFA) of $4.7 million and the 2016 balance sheet showed NFA of $3.6 million. The company’s 2017 income statement showed depreciation expense of $385,000. What was net capital expenditure for 2017?

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Financial Management: The companys 2017 income statement showed depreciation

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Financial Management: The companys 2017 income statement showed depreciation

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