What amount should cole manufacturing company record


Cole Manufacturing Company buys land for $50,000 on12-31-2000. As of 3-31-2001, the land has appreciated in value to$50,500. On 12-31-2001, the land has an appraised value of$51,800. By what amount should Cole Manufacturing Company record the Land account be increased, if any in 2001?

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Accounting Basics: What amount should cole manufacturing company record
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