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The fair value of land owned by a company has increased this year. The journal entry to record this increase in fair value would include
The fair value of land owned by a company has increased this year. The journal entry to record this increase in fair value would include which of the following?
A) A credit to gain on Asset value increase
B) A debit to land
C) A credit to non-impairment of asset
D) No entry would be made according to gaap
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