In January 2011,Tim's Gyms,Inc

question 128

Multiple Choice

In January 2011,Tim's Gyms,Inc.owned machines valued at $1 million.During the year,the market value of the machines fell by 10 percent.During 2011,Tim spent $200,000 on new machines.During 2011,Tim's net investment was

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

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