In January 2010, Tim Owned Machines Valued at $1 Million

question 60

Multiple Choice

In January 2010, Tim owned machines valued at $1 million. During the year, the market value of the equipment fell by 30 per cent. During 2010, Tim spent $200,000 on new machines. During 2010, Tim's gross investment totalled

• A)$900,000.
• B)$300,000.
• C)$1 million.
• D)$200,000.

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Definitions:

Charles XII

Charles XII was a Swedish king known for his military leadership during the Great Northern War, reigning from 1697 to 1718.

Ottoman Empire

The Ottoman Empire was a state that controlled much of Southeast Europe, Western Asia, and North Africa between the 14th and early 20th centuries, known for its significant cultural, military, and political influence.

Sweden

A country in Northern Europe, known for its rich history, progressive social policies, and significant contributions to art, science, and technology.

War of Spanish Succession

The War of Spanish Succession (1701-1714) was a major European conflict triggered by the death of the childless Charles II of Spain, leading to a power struggle between several European powers to control the Spanish throne.