Multiple Choice
In January 2014, Tim's Gyms, Inc. owned machines valued at $1 million. During the year, the market value of the machines fell by 10 percent. During 2014, Tim spent $200,000 on new machines. During 2014, Tim's net investment was
A) $1 million.
B) $300,000.
C) $200,000.
D) $100,000.
E) $1.1 million.
Correct Answer:
Verified
Correct Answer:
Verified
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