Calamari Associates bought land for $1,200,000 in 1982. In 2007, the land...

[MisseToPretty]

...was appraised at $1,795,000.? The land would appear on the company's book in 2007 at:
$595,000 1,200,000 1,795,000 2,995,000 best guess $1,200,000