15 Annie runs a fitness centre. On 31 December 2012, she bought an existing business with exercise...

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15 Annie runs a fitness centre. On 31 December 2012, she bought an existing business with exercise equipment and a building worth €300,000. During 2013, business improved and she bought some new equipment for

€50,000. At the end of 2013, her equipment and buildings were worth €325,000. Calculate Annie’s gross investment, depreciation and net investment during 2013.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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