Annie runs a fitness centre. On December 31, 2014, she bought an existing business with exercise equipment
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Annie runs a fitness centre. On December 31, 2014, she bought an existing business with exercise equipment and a building worth $300,000. During 2015, business improved and she bought some new equipment for $50,000. At the end of 2015, her equipment and buildings were worth$325,000. Calculate Annie’s gross investment, depreciation, and net investment during 2015.
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Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
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