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5 May, 05:44

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:

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  1. 5 May, 06:03
    0
    75000

    Explanation:

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