On January 1, Rick's Photo owned $50,000 of equipment. During the year, the value of the equipment fell by $10,000, plus Rick bought $25,000 in new equipment. Rick's company experienced
A) an increase of net investment of $35,000.
B) a change in total financial capital of $15,000.
C) an increase of new capital by $10,000.
D) $40,000 of depreciation.
E) $10,000 of depreciation.
Correct Answer:
Verified
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