A firm has Net plant and equipment = $100 million in 20x0. The following year it reports

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A firm has Net plant and equipment = $100 million in 20x0. The following year it reports Depreciation = $10 million, and expenditure on Net plant and equipment = $15 million. The Net plant and equipment for 20x1 should therefore be

a. $100 million

b. $105 million

c. $110 million

d. $125 million

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