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Carey Company buys land for $50,000 on 31/12/2016 . As of 31/3/2017, the land has appreciated in value to $50,700. On 31/12/2017, the land has

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Carey Company buys land for $50,000 on 31/12/2016 . As of 31/3/2017, the land has appreciated in value to $50,700. On 31/12/2017, the land has an appraised value of $51,800. By what amount should the Land account be increased in 2017? Select one: a. $1,100 b. $1,800 C. $0 d. $700 e. The answer does not exist

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