Question

aber company buys land for $150,000 on 12/31/11. as of 3/31/12, the land has appreciated in value to $152,000. on 12/31/12, the land has an appraised value of $155,400. by what amount should the land account be increased in 2012?

a.$0

b.$2,000

c.$3,400

d.$5,400

Answer

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