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03-02-2017
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Mason corporation purchased a piece of land 5 years ago when the price of land was low. it plans to develop the land into a new facility when their current facility reaches its production limit, which it estimates will be in 4 years. on their classified balance sheet, mason corporation would classify this land as

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08-02-2017

On their classified balance sheet, Mason Corporation would classify this land as a long-term investment.

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