Business, 19.09.2019 19:20, kingrebl4267
In year 2, the denim company bought an acre of land that cost $16,000. in year 5, another company purchased a nearby acre of land for $29,000 and a different company purchased another nearby acre of land for $27,000. as a result, an appraiser estimated that the acre owned by denim had increased in value to $28,000. if denim prepares a balance sheet at the end of year 5, the acre of land that it owns should be reported at:
(a) $16,300
(b) $29,300
(c) $27,300
(d) the average of all of the amounts.
Answers: 1
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