Question 5 1.5 pts 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:
?
$95,000.

Question

Question 5 1.5 pts 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:

?

$95,000.

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