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Business, 18.12.2019 05:31 ineedhelp2285

The green tomato purchased a parcel of land six years ago for $389,900. at that time, the firm invested $128,000 grading the site so that it would be usable. since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $48,000 a year. the green tomato is now considering building a hotel on the site as the rental lease is expiring. the current value of the land is $415,000. the firm has no loans or mortgages secured by the property. what value should be included in the initial cost of the hotel project for the use of this land?

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