Multiple Choice
James had $80 000 in the bank. He used some of this cash to buy a new car for $67 000 on 1 January. James subsequently modified the car and sold it for $78 000 on 1 March. The modifications cost James $1000. The historical cost of the car is:
A) $67 000.
B) $68 000.
C) $77 000.
D) $78 000.
Correct Answer:
Verified
Correct Answer:
Verified
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