Calamari associates bought land for 120000000 in 1982


Calamari Associates bought land for $1,200,000.00 in 1982. In2007, the land was appraised at 1,795,000.00. The land would appear on the company's book in 2007 at

a. $595,000.00

b. $1,200,000.00

c. 1,795,000.00

d. $ 2,995,000.00

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Accounting Basics: Calamari associates bought land for 120000000 in 1982
Reference No:- TGS0595821

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