On 1 January,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) $10,000 of depreciation.
B) an increase in net investment of $35,000.
C) an increase in new capital of $10,000.
D) $40,000 of depreciation.
E) a change in total financial capital of $15,000.
Correct Answer:
Verified
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Q5: Which of the following statements is correct?
A)Net
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