What cost allocation should the land receive


Question:

A parcel of corporate land was recently dedicated as the new plant site. What cost allocation should the land receive, based on the following: original cost of $200,000, market value of $300,000, net book value of $200,000, a recent offer to purchase for $250,000. A. $200,000 B. $250,000 C. $275,000 D. $300,000

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Accounting Basics: What cost allocation should the land receive
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