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Posted on Jul 24, 2024

On January 1 , 2 0 2 2 Terry's Towing Service owned 3 tow trucks valued at $ 2 1 0 , 0 0 0

On January $1, 2022$ Terry's Towing Service owned $3$ tow trucks valued at $ $210, 000 .$

During $2022,$ Terry's bought $10$ new trucks for a total of $ $900, 000 .$ At the end of $2022,$ the market value of all the firm's trucks was $ $1, 005, 000 .$

What was Terry's gross investment?

Calculate Terry's depreciation, and net investment.

Terry's gross investment was $

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