A firm has net fixed assets of $8 million on December 31, 2001 and $14.5 million on December 31, 2002. If the depreciation expense for 2002 was $1,630,000, what was the firm's 2002 capital spending? (Capital Spending = Ending Fixed Assets – Beginning Fixed Assets + Depreciation)
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A firm has net fixed assets of $8 million on December 31, 2001 and $14.5 million on December 31, 2002. If the
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