Jessie wants to go to Paris, France. She also wanted to visit Atlanta, Georgia. She decided to book a flight, and decided that if she went to Paris, she would stay at a 3-star hotel, which offered $122 per night, and if she went to Atlanta, she
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According to the cost principle, land that was originally acquired for $85,000 is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by its purchasers as easily being worth $140,000, and is sold for $137,000, the
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