What cost allocation should the land receive

Reference no: EM13297763

A parcel of corporate land was recently dedicated as the new plant site. What cost allocation should the land receive, based on the following: original cost of $300,000, market value of $400,000 net book value of $300,000, a recent offer to purchase for $350,000. A $350,000 B $300,000 C $400,000 D $375,000

Reference no: EM13297763

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