If all your assets were worth $10,000 and you purchased a high-end TV set for $2,000, which of the following is true

Select one:

O

a. Your net worth will decrease by $2,000 with the purchase of this TV.

0

b. Being a material value, the TV should be regarded as an asset with no change to net worth.

O

c. The purchase is of an immaterial nature because it will depreciate quickly. It should be regarded as an expense.

O

d. Cash will decrease by $2,000 and your net worth will decrease by $2,000.