Multiple Choice
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 $200,000,market value of $300,000,net book value of $200,000,a recent offer to purchase for $250,000.
A) $200,000
B) $250,000
C) $275,000
D) $300,000
Correct Answer:
Verified
Correct Answer:
Verified
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