Value of the land to be recorded in accountig records basics, Accounting Basics

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Value of the land to be recorded in accountig records basics

A company purchased property for $100,000. The property included a building, a parking lot and land. The building was appraised at $62,000; the land at $45,000 and the parking lot at $18,000. The value of the land to be recorded in the accountig records is:

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Accounting Basics: Value of the land to be recorded in accountig records basics

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Accounting Basics: Value of the land to be recorded in accountig records basics

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