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Eight years ago. Bravo Company purchased land for $170, 000. The current fair market value of the land is $421,000. The rate of general ination

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Eight years ago. Bravo Company purchased land for $170, 000. The current fair market value of the land is $421,000. The rate of general ination experienced during the 3-year period has averaged 10% per year. At the time the land was purchased, Bravo intended to hold it for 20 years. At what amount should the land he carried on Bravo's books today

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