Question: a) Sam Gamgee, who bought the old mill from Ted Sandyman, is spending $500 on new equipment this year. The old equipment worth $400

a) Sam Gamgee, who bought the old mill from Ted Sandyman, is spending $500 on new equipment this year. The old equipment worth $400 had been just torn down by a mob of hobbits. What is the Shire's net investment? Show your work.

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