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On January 1, 2012 Terry\'s Towing Service owned 2 tow trucks valued at $140,000

ID: 2428448 • Letter: O

Question

On January 1, 2012 Terry's Towing Service owned 2 tow trucks valued at $140,000. During 2012, Terry's bought 9 new trucks for a total of $675,000. At the end of 2012, the market value of all the firm's trucks was $759,000. What was Terry's gross investment, depreciation, and net investment during 2012? Terry's gross investment was $ Terry's depreciation was S Terry's net investment was ? dollars. o>> If your answer is negative, include a minus sign. If your answer is positive, do not include a plus sign

Explanation / Answer

Explanation:

Gross investment is the market value of 9 new trucks Terry has bought in 2012.

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