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Determine whether each of the following is consumption, investment, or neither. Explain your answer. A landscaping company buys a new four-wheel-drive vehicle to carry fertilizer
Determine whether each of the following is consumption, investment, or neither. Explain your answer.
- A landscaping company buys a new four-wheel-drive vehicle to carry fertilizer and flowers.
- A doctor buys a new four-wheel-drive vehicle to use on vacation.
- A family puts a new kitchen in their house.
- The campus bookstore increases its inventory of textbooks.
- Your parents purchase their dream home, newly built to their specification by a local contractor.
- Your parents buy a vacation home from a friend who had owned that home for years.
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