Step 1: Understanding the rise of water.
In a capillary tube, the rise of liquid is given by:
\[
h = \frac{2\gamma \cos \theta}{\rho g r}
\]
where \( \gamma \) is the surface tension, \( \theta \) is the angle of contact, \( \rho \) is the density of the liquid, \( g \) is the acceleration due to gravity, and \( r \) is the radius of the capillary tube.
Step 2: Effect of depression on contact angle.
When the tube is depressed, the apparent contact angle is affected by the length above the water surface. The new apparent angle of contact is given by \( \cos^{-1} (0.5) \), which corresponds to the change in the capillary rise due to the depression.
Step 3: Conclusion.
Thus, the new apparent angle of contact is \( \cos^{-1} (0.5) \), corresponding to option (C).