Question: On December 3 1 , 2 0 2 3 2 0 2 3 , Michael ' s Internet service bought an existing business with servers

On December31,
20232023,
Michael's Internet service bought an existing business with servers and a building worth
$300 comma 000300,000.
During
20242024,
his business grew and it bought new servers for
$400 comma 000400,000.
The market value of some of his older servers fell by
$150 comma 000150,000.
What was Michael's gross investment, depreciation, and net investment during
20242024?
Question content area bottom
Part 1
Michael's gross investment during
20242024
was
$enter your response here.
Part 2
Michael's depreciation during
20242024
was
$enter your response here.
Part 3
Michael's net investment during
20242024
was
$enter your response here.

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