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Lenner Developers paid $152,000 cash for lant to be used to construct apartment buildings.At the...

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Accounting

Lenner Developers paid $152,000 cash for lant to be used to construct apartment buildings.At the time of purchase, the land had a list price of $200,000. When the balance sheet was Prepared, the appraised fair value of the land was $189,000 and the market value used for tax purposes was $190,000. At what amount should the land be reported on the balance sheet of the company?$192,000$190,000$200.000$190.000

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