Design Space Co. acquired an adjacent vacant lot with the hope of selling it in the future

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Design Space Co. acquired an adjacent vacant lot with the hope of selling it in the future at a gain. The lot is not intended to be used in Design Space's business operations.
Where should such real estate be listed in the balance sheet?

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Accounting

ISBN: 978-0324401844

22nd Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

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Question Posted: Jan 22, 2013 05:14 AM

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Design Space Co. acquired an adjacent vacant lot with the hope of selling it in the future

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Accounting

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