On January 1, 2016, Sophies Internet Cafe owned 10 computer terminals valued at $8,000. During 2016, Sophies
Question:
On January 1, 2016, Sophie’s Internet Cafe owned 10 computer terminals valued at $8,000. During 2016, Sophie’s bought 5 new computer terminals at a cost of $1,000 each, and at the end of the year, the market value of all of Sophie’s computer terminals was $11,000. What was Sophie’s gross investment, depreciation, and net investment?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Her gross investment was 5000 for the new com...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
2+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
