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How is the book value of land defined? The book value of land is the higher of its original cost or its current sales value.

How is the book value of land defined?

The book value of land is the higher of its original cost or its current sales value.

The book value of land is the lower of its original cost or its current sales value.

The book value of land is its historical cost, or the amount paid for that land.

The book value of land is its current sales value as listed in the firm's books.

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