# 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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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?

\$6,000
\$4,400
\$0
\$10,400
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Step 1

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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