Question
In January 2013, Lindsay's Lawn Service (LLS) had equipment valuing $10000.$10000. During 2013, LLS bought 3 new riding mowers for a total price of $8000.$8000.
In January 2013, Lindsay's Lawn Service (LLS) had equipment valuing $10000.$10000. During 2013, LLS bought 3 new riding mowers for a total price of $8000.$8000. In December of 2013, the value of LLS's equipment equaled $17000.$17000.
What was LLS's gross investment in 2013?
$ ______
What was LLS's net investment in 2013?
$ _______
What was LLS's depreciation in 2013?
$_______
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Financial Accounting
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
5th Canadian edition
133472264, 978-0133446265, 133446263, 978-0133472264
