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e) Tom purchases a brand new Volkswagen from Germany for his start up ride sharing business for $20,000. He provides ride-sharing services earning him revenues

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e) Tom purchases a brand new Volkswagen from Germany for his start up ride sharing business for $20,000. He provides ride-sharing services earning him revenues of $40,000. During the course of the year, the Volkswagen depreciates by $2,000. Tom has no other costs. Production Income Expenditures Manufacturing Corporate Profits Consumption Services 20,000 Proprietors Profit 40,000- Investment 20,000 20,000- 2,000 Agriculture Wages Government Construction Depreciation 2,000 Exports National Defense Imports Total 20,000 Total 20,000 Total 20.000

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