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Assume that another piece of land owned by Company X with an initial value of $20,000 recorded a revaluation decrease last year of $3,000. Due
Assume that another piece of land owned by Company X with an initial value of $20,000 recorded a revaluation decrease last year of $3,000. Due to a changing economic climate, the industrial activity in the area in which the land is situated is increasing. The current market price for that land is estimated at $21,000
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