Xi Co Provides You with the Following Information About Its $\begin{array}{ll}\text { Opening balance of equipment }&\$300,000\\\text {Closing balance of equipment }&\$550,000\end{array}$

question 2

Multiple Choice

Xi Co provides you with the following information about its equipment account: $\begin{array}{ll}\text { Opening balance of equipment }&\$300,000\\\text {Closing balance of equipment }&\$550,000\end{array}$
If machinery that originally cost $100 000 was sold during the year, what was the value of new equipment purchased?

• A)$250 000
• B)$350 000
• C)$550 000
• D)$150 000

---

Definitions:

Influence Online

The ability to affect the perceptions, attitudes, or behaviors of others through digital platforms, often measured by reach, engagement, and conversion metrics.

Best Practices

Recommended methods or approaches acknowledged for their efficacy and superiority in achieving specific objectives.

Social Media Manager

A professional responsible for overseeing all aspects of an organization's social media strategy, including content creation, engagement, and analytics.

Justin Timberlake

A multifaceted American entertainer known for his contributions to music, acting, and television.