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Florist Gump, Inc. purchased land at a cost of $6,000 on February 2, 2000. At December 31, 2014, the land is worth $34,000 according to

Florist Gump, Inc. purchased land at a cost of $6,000 on February 2, 2000. At December 31, 2014, the land is worth $34,000 according to an appraiser. At what amount should the land be reported on Florist Gump's balance sheet at December 31, 2014?

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