January 2013, Lindsay's Lawn Service (LLS) had equipment valuing $11000. During 2013, LLS bought or a total price of $9000. In December of 2013, the value of LLS's equipment equaled $17500. What was LLS's gross investment in 2013? What was LLS's net investment in 2013? What was LLS's depreciation in 2013? $ 9500 S 6500 S 2500

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.3P
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In January 2013, Lindsay's Lawn Service (LLS) had equipment valuing $11000. During 2013, LLS bought 3 new riding mowers
for a total price of $9000. In December of 2013, the value of LLS's equipment equaled $17500.
What was LLS's gross investment in 20137
What was LLS's net investment in 2013?
What was LLS's depreciation in 20137
$
$
S
9500
6500
2500
Transcribed Image Text:pe In January 2013, Lindsay's Lawn Service (LLS) had equipment valuing $11000. During 2013, LLS bought 3 new riding mowers for a total price of $9000. In December of 2013, the value of LLS's equipment equaled $17500. What was LLS's gross investment in 20137 What was LLS's net investment in 2013? What was LLS's depreciation in 20137 $ $ S 9500 6500 2500
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