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Question
On January 1, Rick's Photo owned $50,000 of equipment. During the year, the value of the equipment fell by $10,000, plus Rick bought $25,000 in new equipment. Rick's company experienced ________ because ________.A) net investment of $15,000; net investment equals gross investment minus depreciation
B) gross investment of $15,000; gross investment equals net investment minus depreciation
C) gross investment of $40,000; gross investment equals net investment plus depreciation
D) net investment of $15,000; net investment equals beginning year financial capital minus depreciations and investment
E) depreciation of $15,000; depreciation equals investment in new products minus loss in values
Answer
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