In January 2014, Tim's Gyms, Inc

question 1

Multiple Choice

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 2011, Tim spent $200,000 on new machines. During 2014, Tim's gross investment was

• A)$1 million.
• B)$300,000.
• C)$200,000
• D)$900,000.
• E)$100,000.

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