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You are preparing the balance sheet for your firm dated Dec 31st 2018. You encounter a piece of land that the company has bought and

You are preparing the balance sheet for your firm dated Dec 31st 2018. You encounter a piece of land that the company has bought and set aside for a future plant expansion in 2023. How should you classify this piece of land on the balance sheet?

a.Current investment

b.Long-term investment

c.Property, plant, and equipment

d.Intangible asset

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