Wallace Driving School's 2020 balance sheet showed net fixed assets of $5.4 million, and the...
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Wallace Driving School's 2020 balance sheet showed net fixed assets of $5.4 million, and the 2021 balance sheet showed net fixed assets of $6 million. The company's 2021 income statement showed a depreciation expense of $425,000. What was net capital spending for 2021? (Do not round intermediate calculations and enter your answer in dollers, not millions of dollars, e.g. 1,234,567.)
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