Xi Co Provides You with the Following Information About Its $\quad \$ 300,000$

Multiple Choice

Xi Co provides you with the following information about its equipment account: Opening balance of equipment $\quad \$ 300,000$
Closing balance of equipment $\quad \$ 550,000$ If machinery that originally cost $100,000 was sold during the year, what was the value of new equipment purchased?

A) $250,000.
B) $350,000.
C) $550,000.
D) $150,000.