By what amount should the land account be increased

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Question - Carey Company buys land for $50,000 on 12/31/21. As of 3/31/22, the land has appreciated in value to $50,700. On 12/31/22, the land has an appraised value of $51,800. By what amount should the Land account be increased in 2022?

a. $1,100

b. $0

c. $700

d. $1,800

Reference no: EM133025913

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