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Exercise 11-25 Pengo Company owns land that it purchased at a cost of 400 million in 2013. The company chooses to use revaluation accounting to
Exercise 11-25 Pengo Company owns land that it purchased at a cost of 400 million in 2013. The company chooses to use revaluation accounting to account for the land. The land's value fluctuates as follows (all amounts in thousands as of December 31): 2013, 450,000; 2014, 360,000; 2015, 385,000; 2016, 410,000; and 2017, 460,000. Complete the following table below. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Do not leave any answer field blank. Enter o for amounts.) Value at December 31 2013 Accumulated Other Comprehensive Income Other Comprehensive Income Recognized in Net Income 2014 2015 2016 2017
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