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Jackie remmers travel agency purchased land for 85000 cash

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Jackie Remmers Travel Agency purchased land for $85,000 cash on December 10, 2014. At December 31, 2014, the land's value has increased to $93,000. What amount should be reported for land on Jackie Remmers' balance sheet at December 31, 2014? Explain.

Reference no: EM13585344

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