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

Economics

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