Multiple Choice
Suppose Mail Boxes Etc. buys a new copier for its store for $1000. A year later, when the firm wants to upgrade to a new copier, it finds that the old copier is only worth $750. Over the year the copier was used, ________ has occurred.
A) replacement investment
B) gross investment
C) depreciation
D) net investment
Correct Answer:
Verified
Correct Answer:
Verified
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