Multiple Choice
Cole Company buys land for $50,000 on 31/12/19. As of 31/3/20, the land has appreciated in value to $50,500. On 31/12/20, the land has an appraised value of $51,800. By what amount must the Land account be increased in 2022?
A) $0.
B) $500.
C) $1,300.
D) $1,800.
Correct Answer:
Verified
Correct Answer:
Verified
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