Trenton Travel Agency purchased land for $90,000 cash on December 10, 2017. At December 31, 2017,…

Trenton Travel Agency purchased land for $90,000 cash on December 10, 2017. At December 31, 2017,…

Trenton Travel Agency purchased land for $90,000 cash on December 10, 2017. At December 31, 2017, the land’s value has increased to $93,000. What amount should be reported for land on Trenton’s balance sheet at December 31, 2017?

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