In January 2017, Tim's Gyms, Inc

question 24

Multiple Choice

In January 2017, Tim's Gyms, Inc.owned machines valued at $1 million.During the year, the market value of the machines fell by 10 percent.During 2017, Tim spent $200,000 on new machines.During 2017, Tim's net investment was

• A)$1.1 million.
• B)$300,000.
• C)$1 million.
• D)$200,000.
• E)$100,000.

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