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Annie runs a fitness center. On December 31, 2014, she bought an existing business with exercise equipment and a building worth $300000. During 2015, business
Annie runs a fitness center. On December 31, 2014, she bought an existing business with exercise equipment and a building worth $300000. During 2015, business improved and she bought some new equipment for $50000. At the end of 2015, her equipment and buildings were worth $325000. Calculate Annie's gross investment, depreciation, and net investment during 2015.
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