Business, 22.07.2020 04:01 paytonxxburns05

On January 1, 2017, Sophie's Sunlounge owned 4 tanning beds valued at $20,000. During 2017, Sophie's bought 3 new beds at a total cost of $10 comma 00010,000. At the end of the year, the market value of all of Sophie's beds was $26 comma 00026,000. Calculate Sophie's gross investment and depreciation during 2017. Sophie's gross investment during 2017 was $nothing. Sophie's depreciation during 2017 was $nothing.

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On January 1, 2017, Sophie's Sunlounge owned 4 tanning beds valued at $20,000. During 2017, Sophie's...

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