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A company has 18,010,000 worth of PPE entered on its books for 2019, net of depreciation. It charges off 11% of those assets as depreciation
A company has 18,010,000 worth of PPE entered on its books for 2019, net of depreciation. It charges off 11% of those assets as depreciation expenses during 2020. PPE for 2020 is then listed at 17,000,000 net of depreciation. Sowhat was the companys investment in PPE during 2020?
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