On January 1, 2020, Seabreeze Construction Company owned 4 dump trucks, 2 excavators and other construction machinery with a total value of $950,000. During 2020, Seabreeze Construction bought two new trucks paying a total of $120,000. On December 31, 2020, the market value of all the firm's trucks and construction machinery was $1,020,000. 

 

1) What was Seabreeze’s gross investment in 2020?

 2) What was the amount of depreciation in 2020?

3) What was the net investment in 2020?

Answer rating: 100% (QA)

In order to determine the net in... View the full answer