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Bale Company Land Account Appreciation Calculation

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Bale Company buys land for $100,000 on 12/31/06. As of 3/31/07, the land has appreciated in value to $101,000. On 12/31/07, the land has appraised value of $103,600.

By what amount should the Land account be increased in 2007?

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The solution calculates Bale Company Land Account Appreciation.

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Land Account Increased in 2007?

Bale Company buys land for $100,000 on 12/31/06. As of 3/31/07, the land has appreciated in value to $101,000. On 12/31/07, the land has ...

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