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Business, 26.07.2019 05:30 Packergood

Seth purchased land for $510,000 one year ago and would have to pay $770,000 to buy an equivalent piece of land now. at which amount should seth report the land on a balance sheet prepared in accordance with gaap (generally accepted accounting principles? )a $510,000b $770,000c either "a" or "b" is an acceptable amount to be reported under gaap (generally accepted accounting principles

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Seth purchased land for $510,000 one year ago and would have to pay $770,000 to buy an equivalent pi...
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