A company is considering purchasing a parcel of land that was originally acquired by the...
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Accounting
A company is considering purchasing a parcel of land that was originally acquired by the seller for $86,000. While the land is currently offered for sale at $152,000, it is considered by the purchaser as easily being worth $142,000, and is finally purchased for $139,000, the land should be recorded in the purchasers books at:
a) 96,000
b) 139,000
c)140,500
d) 142,000
e) 152,000
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