Ask Question
9 March, 13:00

Rotweiler Obedience School's December 31, 2007, Balance Sheet showed Net Fixed Assets of $1.875 million, and the December 31, 2008, Balance Sheet showed Net Fixed Assets of $2.12 million. The company's 2008 Income Statement showed a Depreciation Expense of $220,000. What was Rottweiler's Net Capital Spending for 2008?

+2
Answers (1)
  1. 9 March, 13:25
    0
    Rottweiler's Net Capital Spending for 2008: $0,465 million.

    Explanation:

    December 31, 2007 Net Fixed Assets of $1.875

    Dureing 2008 Depreciation Expense of - $0,220

    December 31, 2008 Net Fixed Assets of $1.655

    Net Capital Spending for 2008 $0,465.

    December 31, 2008 Net Fixed Assets of $2.120
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Rotweiler Obedience School's December 31, 2007, Balance Sheet showed Net Fixed Assets of $1.875 million, and the December 31, 2008, Balance ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers