In January 2015, Tim's Gyms, Inc. owned machines valued at $1 million. During the year, the market value of the equipment fell by 40 percent. During 2015, Tim spent $200,000 on new machines. During 2015, Tim's net investment totaled______. a. $200,000 b. -$200,000 c. $800,000 d. $400,000

In January 2015, Tim's Gyms, Inc. owned machines valued at $1 million. During the year, the market value of the equipment fell by 40 percent. During 2015, Tim spent $200,000 on new machines. During 2015, Tim's net investment totaled______. a. $200,000 b. -$200,000 c. $800,000 d. $400,000

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance

Section: Chapter Questions

Problem 1.3P

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