Bale company land account appreciation calculation
Question: Bale Company buys land for $100,000 on 12/31/06. As of 3/31/07, the land has appreciated in value to $101,000. On 12/31/07, the land has appraised value of $103,600.By what amount should the Land account be increased in 2007?
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By what amount should the Land account be increased in 2007?
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