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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Dynamic Business Law
Authors: Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs
6th Edition
1260733971, 978-1260733976
