A building with an appraisal value of $127,305 is made available at an offer price...
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A building with an appraisal value of $127,305 is made available at an offer price of $159,506. The purchaser acquires the property for $38,277 in cash, a 90-day note payable for $23,683, and a mortgage amounting to $51,424. The cost basis recorded in the buyer's accounting records to recognize this purchase is
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