Question: A small local hardware store buys the undeveloped lot that's next to their own lot. They don't intend to use it for their own business

A small local hardware store buys the undeveloped lot that's next to their own lot. They don't intend to use it for their own business but would like to keep the lot in hopes to sell it years later at a profit. How would they report this lot in their financials statements & why?

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