At the beginning of the year, AAA-1 Towing owns trucks and buildings of a total value of $1 million. During the year, it invests $250,000 to replace towing trucks worth $230,000 destroyed in a flood and to cover $50,000 worth of depreciation. AAA-1 Towing's capital stock at the end of the year was
A) $1,020,000.
B) $1,250,000.
C) $1,280,000.
D) $950,000.
E) $970,000.

Question

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The Answer of At the beginning of the year, AAA-1 Towing owns trucks and buildings of a total value of $1 million. During the year, it invests $250,000 to replace towing trucks worth $230,000 destroyed in a flood and to cover $50,000 worth of depreciation. AAA-1 Towing's capital stock at the end of the year was
A) $1,020,000.
B) $1,250,000.
C) $1,280,000.
D) $950,000.
E) $970,000.

At the Beginning of the Year, AAA-1 Towing Owns Trucks