Question
Asked Dec 12, 2019
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Aber Company buys land for $145,000 in 2021. As of 3/31/22, the land has appreciated in value to $151,000. On 12/31/22, the land has an appraised value of $155,400. By what amount should the Land account be increased in 2022?

Group of answer choices
$6,000
$4,400
$0
$10,400
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Depreciation is the process of reducing the book value of an asset in a period of time because of tear and wear. It shows how much the asset has been used. Some...

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