horschler8381 horschler8381

23-01-2020
Business

contestada

Lange Company purchased land for $75,000 in 2017. In 2019, the land was valued at $93,000. The land would appear on the company's December 31, 2019 balance sheet at:

Respuesta :

muratkhanmoldir00 muratkhanmoldir00

24-01-2020

Answer:

75000

Explanation:

Under historical cost concept assets should be shown at their cost not based on market value

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