During 2003, Jeter Company purchased property for its plant for $90,000. During December of 2018, a similar neighboring plot of land was sold for $120,000. At what amount would land be measured on Jeter Company's December 31, 2018 balance sheet?

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The Answer of During 2003, Jeter Company purchased property for its plant for $90,000. During December of 2018, a similar neighboring plot of land was sold for $120,000. At what amount would land be measured on Jeter Company's December 31, 2018 balance sheet?

During 2003, Jeter Company Purchased Property for Its Plant for $90,000