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At the Beginning of the Year, Tom's Tubes Had Capital

Question 121

Multiple Choice

At the beginning of the year, Tom's Tubes had capital of 5 tube-inflating machines. During the year, Tom scrapped 2 old machines and purchased 3 new machines. Tom's gross investment for the year is


A) 1 machine.
B) 2 machines.
C) 3 machines.
D) 6 machines.
E) 8 machines.

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