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?
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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?
The historical cost or the purchase cost.
What would it be for historical and purchase
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