Multiple Choice
In January 2010, Timʹs Gyms, Inc. owned machines valued at $1 million. During the year, the market value of the equipment fell by 30 percent. During 2010, Tim spent $200,000 on new machines. During 2010, Timʹs net investment totalled
A) $200,000.
B) $100,000.
C) $300,000.
D) $1 million.
Correct Answer:
Verified
Correct Answer:
Verified
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