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A municipality owns a fire station and is required to pay assessments of $10,000 as an owner of property in the benefited area. As a

A municipality owns a fire station and is required to pay assessments of $10,000 as an owner of property in the benefited area. As a result of the improvements, the property in the benefited area has risen in value by 15%. Should the asset be written up, and if so, by how much?

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