Annie runs a fitness center. On December 31, 2008, she bought an existing busine

Annie runs a fitness center. On December 31, 2008, she bought an existing business with exercise equipment and a building worth $300,000. During 2009, business improved and she bought some new equipment for $50,000. At the end of 2009, her equipment and buildings were worth $325,000. Calculate Annie’s gross investment, depreciation, and net investment during 2009.

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