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Sunland Company buys land for $135000 on December 31, 2026. As of March 31, 2027,...

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Accounting

Sunland Company buys land for $135000 on December 31, 2026. As of March 31, 2027, the land has appreciated in value to $142000. On December 31, 2027, the land has an appraised value of $146600. By what amount should the Land account be increased in 2027? $0 O $4600 O $11600 $7000

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