Mary owns an office building (that has two parking spots) in the downtown area of a very
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Mary owns an office building (that has two parking spots) in the downtown area of a very busy city. This building has 2 parking spots where Mary parks her RV (Recreational Vehicle) there. A friend tells Mary that parking her RV there must be really expensive. Mary says that parking her RV there costs her nothing because she owns the land.
Is Mary correct or not in her assertion? explain your reasoning.
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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