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Marigold Ltd. owns land that it purchased at a cost of 344,000 in 2020. The company chooses to use revaluation accounting to account for the
Marigold Ltd. owns land that it purchased at a cost of 344,000 in 2020. 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): 2020, 387,000; 2021, 309,600; 2022, 331,100; 2023,352,600; and 2024, W395,600. Complete the following table. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Value at December 31 Other Comprehensive Income Accumulated Other Comprehensive Income Recognized in Net Income 2020 43000 \ 43000 0 i 2021 -77400 -34400 0 2022 21500 - 12900 0 2023 21500 8600 0 2024 43000 51600 0
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