Eastern real estate purchased a building for 600000 in 2001

Reference no: EM13594550

Eastern Real Estate Purchased a building for $600,000 in 2001. At the end of 2013, when it had a book value of $450,000, it was appraised for 1,000,000. A potential buyer offered $900,000. The offer was rejected. What amount should be recorded on records at the end of 2013 in the account called buildings?

Reference no: EM13594550

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