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At what amount should land he carried on Bravos books today

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Question - Eight years ago. Bravo Company purchased land for $170, 000. The current fair market value of the land is $421,000. The rate of general in?ation experienced during the 3-year period has averaged 10% per year. At the time the land was purchased, Bravo intended to hold it for 20 years. At what amount should the land he carried on Bravo's books today?

Reference no: EM132499018

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