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) an increase in financial capital of $65,000.
B) a decrease in financial capital of $15,000.
C) depreciation of $15,000.
D) gross investment of $50,000.
E) net investment of $15,000.
Correct Answer:
Verified
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