Foundations of Economics, Student Value Edition Plus MyLab Economics with eText -- Access Card Package (8th Edition)
Foundations of Economics, Student Value Edition Plus MyLab Economics with eText -- Access Card Package (8th Edition)
8th Edition
ISBN: 9780134641843
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 26, Problem 2IAPA
To determine

To find:

The gross investment, depreciation and net investment of S Cafe.

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On December 31, 2021, Annie bought a fitness center with exercise equipment and a building worth $400,000. During 2022, she bought some new equipment for $200,000. At the end of 2022, her equipment and building were valued at $590,000.  What was Annie's net investment during 2022? Annie's net investment during 2022 was $_____ Thank you! !!
If the gross investment in a year is $1000 and depreciation in a year is $50 then what is the value of net investment?
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