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What amount appears on company's books?
beaverspat
Jun 12, 2009, 06:02 PM
Land is bought for $1,200,000 in 1982. In 2007, the land is appraised at $1,795,000. The land will appear on the company's books in 2007 at what price?
pready
Jun 14, 2009, 06:37 PM
The historical cost or the purchase cost.
beaverspat
Jun 16, 2009, 12:37 AM
What would it be for historical and purchase