In January 2013,Tim's Gyms,Inc.owned machines valued at $1 million. During the year,the market value of the equipment fell by 30 percent. During 2013,Tim spent $200,000 on new machines.During 2013,Tim's gross investment totalled
A) $1 million.
B) $300,000.
C) $200,000
D) $900,000.
Correct Answer:
Verified
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