A company purchased land in 2 0 1 5 for $ 5 0 , 0 0 0

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Question:

A company purchased land in

2015

for $

50, 000 .

Now, in

2019,

it is appraised at $

60, 000 .

What values should be the Land account balance on the balance sheet in

2015

and in

2019 ?

Related Book For answer-question

Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Posted Date: Apr 08, 2024 03:14 AM

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A company purchased land in 2 0 1 5 for $ 5 0 , 0 0 0

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Expert Answer:

To determine the Land account balance on the balance ... View the full answer

Fundamental Accounting Principles

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