A company's total assets at the beginning of the year were $200,000. During the year,...

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Accounting

A company's total assets at the beginning of the year were $200,000. During the year, it purchased new equipment worth $50,000 and sold old equipment for $20,000. What is the ending balance of Total Assets?
a) $180,000
b) $230,000
c) $250,000
d) $230,000
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