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    beaverspat's Avatar
    beaverspat Posts: 2, Reputation: 1
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    #1

    Jun 12, 2009, 06:02 PM
    What amount appears on company's books?
    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's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jun 14, 2009, 06:37 PM

    The historical cost or the purchase cost.
    beaverspat's Avatar
    beaverspat Posts: 2, Reputation: 1
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    #3

    Jun 16, 2009, 12:37 AM

    What would it be for historical and purchase
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