If a company is considering the purchase of a parcel of land that was acquired by the seller for $90,000 is offered for sale at $160,000, is assessed for tax purposes at $100,000, is considered by the purchaser as easily being worth $150,000, and is purchased for $147,000, the land should be recorded in the purchaser's books at:

The land should be recorded in the purchaser's books at $147,000

Explanation:

In this question, we use the one principle of Generally Accepted Accounting Principles(GAAP) i.e the historical cost principle.

According to the historical cost principle, the value of the fixed asset should always be recorded at the book value or the purchase price.  

So, in the question, the land should be recorded at $147,000. We do not consider the other amounts which are given in the question, we considered only purchase cost of the fixed assets.

answer; /// i believe the correct answer is (all of the above);