Business, 16.12.2019 17:31 AlexS11

Lano corp.'s forestland was condemned for use as a national park. compensation for the condemnation exceeded the forestland's carrying amount. lano purchased similar, but larger, replacement forestland for an amount greater than the condemnation award. as a result of the condemnation and replacement, what is the net effect on the carrying amount of the forestland reported in lano's balance sheet?

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Lano corp.'s forestland was condemned for use as a national park. compensation for the condemnation...