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Following U.S. GAAP, land is carried at historical cost O a. at all times. b. never. unless the fair value of the land has decreased

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Following U.S. GAAP, land is carried at historical cost O a. at all times. b. never. unless the fair value of the land has decreased below the original cost and the land meets the O C. recoverability test. unless the fair value of the land has increased above the original cost and the land meets the d. recoverability test. e. none of the above

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