Michael, an Internet service provider, bought an existing business worth

$500,000

on December 31,

2017.

During

2018,

his business grew and he bought

$400,000

of new servers.

The market value of his older servers fell by

$50,000.

What was Michael's gross investment, depreciation and net investment during

2018?

Question content area bottom

Part 1

Michael's gross investment during

2018

was

Part 2

Michael's depreciation during

2018

was

Part 3

Michael's net investment during

2018

was