A building with an appraisal value of $134,213 is made available at an offer price...

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Accounting

A building with an appraisal value of $134,213 is made available at an offer price of $152,610. The purchaser acquires the property for $30,523 in cash, a 90-
day note payable for $29,620, and a mortgage amounting to $59,818. The cost of the building to be reported on the balance sheet is
a. $134,213
b. $119,961
c. $152,610
d. $122,087
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