In 2010, Al-Rashed an Automobile Dealership, Spends $20,000 on a New

Multiple Choice

In 2010, Al-Rashed an automobile dealership, spends $20,000 on a new car lift for its repair shop, $2,000 on a new copy machine for its sales division, and $500,000 on imported Nissan company stock. Unsold cars and trucks were valued at $600,000 on January 1, 2010 and unsold cars and trucks were valued at $900,000 on December 31, 2010. What is Al-Rashed's total investment spending in 2010?

A) $922,000
B) $522,000
C) $322,000
D) $22,000