Question
In January 2014, Tim's Gyms, Inc. owned machines valued at $1 million. During the year, the market value of the machines fell by 30 percent.
In January 2014, Tim's Gyms, Inc. owned machines valued at $1 million. During the year, the market value of the machines fell by 30 percent. During 2014, Tim spent $200,000 on new machines. During 2014, Tim'snet investmentwas........
a)$900,000.
b)$1 million
c)$100,000.
d)$300,000.
e)- $100,000.
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
