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At what amount should the land be reported

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Question - Florist Gump, Inc. purchased land at a cost of $6,000 on February 2, 2000. At December 31, 2014, the land is worth $34,000 according to an appraiser. At what amount should the land be reported on Florist Gump's balance sheet at December 31, 2014?

Reference no: EM132651715

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