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| Question for you all
When computing balance sheets and other financials, do you guys use market value or purchase price for your asset value? If you purchase ground for say $3000/acre and the land was appraised or valued at $4500/acre, which value do you all use for your asset. I know the liabilities have to be the purchase amount/financed amount. If you use market value do you immediately have $1500/acre in land equity?
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Land Equity
