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Cole Company buys land for $50,000 on 12/31/2019. As of 3/31/2020, the land has appreciated in value to $50,500. On 12/31/2020, the land has an

Cole Company buys land for $50,000 on 12/31/2019. As of 3/31/2020, the land has appreciated in value to $50,500. On 12/31/2020, the land has an appraised value of $51,800. By what amount should the Land account be increased in 20207

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