The local Allied Moving Company begins this year with capital equal to $250,000. During the year the firm depreciates $150,000 worth of its capital and ends the year with capital equal to $250,000
Which statement correctly summarizes Allied Moving Company's investment?
A) Allied Moving Company made gross investment of $250,000 during the year.
B) Allied Moving Company made no net investment during the year.
C) Allied Moving Company made no gross investment during the year.
D) Allied Moving Company made no capital investment during the year.
E) Allied Moving Company made net investment of $150,000 during the year.
B
You might also like to view...
A natural monopoly
a. is a monopoly in the production of raw materials. b. occurs when one firm can supply the entire market more cheaply than can a number of firms. c. is one result of a patent. d. results from decreasing returns to scale.
What was the primary goal of the proponents of the Patient Protection and Affordable Care Act?
A. Improve the quality of care by reducing medical malpractice. B. Reduce health care costs in the United States by 50 percent. C. Make all U.S. health care publically (government) provided. D. Extend health insurance coverage to all Americans.