What is the value of Michaels capital at the end of 2022? Michael, an Internet service provider,
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What is the value of Michael’s capital at the end of 2022?
Michael, an Internet service provider, bought an existing business worth $400,000 on December 31, 2021. During 2022, his business grew and he bought $500,000 of new servers. The market value of his older servers fell by $100,000.
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