Multiple Choice
Swell, Inc. had net fixed assets of $6.5 million on December 31, 2017 and $11 million on December 31, 2018. If Swell's depreciation expense for 2018 was $750,000, what was the firm's 2018 capital spending?
A) $3.75 million
B) $4.25 million
C) $4.50 million
D) $5.25 million
E) $6.75 million
Correct Answer:
Verified
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