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Assume that a business's balance sheet reports total assets of $ 5 0 0 , 0 0 0 and total liabilities of $ 3 0
Assume that a business's balance sheet reports total assets of $ and total liabilities of $ Now assume that $ of net fixed assets net plant and equipment are written off due to technological obsolescence. All else the same, what is the total equity of the business after the writeoff?
A $
B $
C $
D $
E There is insufficient information given to answer this question.
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