8) On January 1, 2019, Seabreeze Construction Company owned 4 dump trucks, 2 excavators and other construction machinery with a total value of $950,000. During 2019, Seabreeze Construction bought two new trucks paying a total of $120,000. On December 31, 2019, the market value of all the firm's trucks and construction machinery was $1,020,000. a)What was Seabreeze’s gross investment in 2019? b)What was the amount of depreciation in 2019? c)What was the net investment in 2019?
8) On January 1, 2019, Seabreeze Construction Company owned 4 dump trucks, 2 excavators and other construction machinery with a total value of $950,000. During 2019, Seabreeze Construction bought two new trucks paying a total of $120,000. On December 31, 2019, the market value of all the firm's trucks and construction machinery was $1,020,000. a)What was Seabreeze’s gross investment in 2019? b)What was the amount of depreciation in 2019? c)What was the net investment in 2019?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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8) On January 1, 2019, Seabreeze Construction Company owned 4 dump trucks, 2 excavators and other construction machinery with a total value of $950,000. During 2019, Seabreeze Construction bought two new trucks paying a total of $120,000. On December 31, 2019, the market value of all the firm's trucks and construction machinery was $1,020,000.
a)What was Seabreeze’s gross investment in 2019?
b)What was the amount of
c)What was the net investment in 2019?
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