This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: (10 points) Question 10 At the beginning of 2006, Peter's Perfectly Prickly Piercing Parlour had $5,000 worth of bellybutton and eyebrow rings on hand, 2 computers (each worth $1,000), 1 cash register worth $100, paper supplies worth $500, and one piercing needle worth $500.At the end of 2006, they had $5,000 worth of bellybutton and eyebrow rings, a new high speed computer worth $3,000 (they had to throw out the old ones), the same cash register, which was now worthless, paper supplies worth $600, and they had upgraded the needle at a cost of $700 which was valued at $1,000. (10 points) Calculate: a) Peter's capital stock at the beginning of 2006. b) Peter's capital stock at the end of 2006. 3 c) Peter's gross investment in 2006. d) Peter's depreciation for 2006. e) Peter's net investment in 2006....
View Full Document
- Spring '08