Five years ago, our company purchased land for $53,000. This year, the land is appraised at $60,000. Another company offered $62,000 to buy the land from us. At what amount would we show the land on the

Five years ago, our company purchased land for $53,000. This year, the land is

appraised at $60,000. Another company offered $62,000 to buy the land from us. At
what amount would we show the land on the balance sheet this year?
A)$53,000
B)None of the other answers is correct.
C)$60,000
D)$62,000

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Five years ago, our company purchased land for $53,000. This year, the land is appraised at $60,000. Another company offered $62,000 to buy the land from us. At what amount woul…

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