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) depreciation of $15,000; depreciation equals investment in new products minus loss in values
B) gross investment of $40,000; gross investment equals net investment plus depreciation
C) net investment of $15,000; net investment equals gross investment minus depreciation
D) gross investment of $15,000; gross investment equals net investment minus depreciation
E) net investment of $15,000; net investment equals beginning year financial capital minus depreciations and investment
C
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Most economic graphs have two lines perpendicular to each other. Where these lines meet is called the
A) origin. B) y-axis. C) x-axis. D) variable. E) point of beginning.
"Private costs are borne by individuals while social costs are borne by society." Do you agree or disagree? Why?
What will be an ideal response?