On January 1, 2016, Sophies Internet Cafe owned 10 computer terminals valued at $8,000. During 2016, Sophies
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On January 1, 2016, Sophie’s Internet Cafe owned 10 computer terminals valued at $8,000. During 2016, Sophie’s bought 5 new computer terminals at a cost of $1,000 each, and at the end of the year, the market value of all of Sophie’s computer terminals was $11,000. What was Sophie’s gross investment, depreciation, and net investment?
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