By what amount must the Land account be increased

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Question - Cole Company buys land for $50 000 on 31/12/16. As of 31/3/17, the land has appreciated in value to $50 500. On 31/12/17, the land has an appraised value of $51 800. By what amount must the Land account be increased in 2016?

Reference no: EM132946845

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