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Business, 11.02.2020 00:49 fardinhaque6113

If a company is considering the purchase of a parcel of land that was acquired by the seller for $85,000, is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by the purchaser as easily being worth $140,000, and is purchased for $137,000, the land should be recorded in the purchaser's books at:

a. $95,000.
b. $137,000.
c. $138, 500.
d. $140,000.
e. $150,000.

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