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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 $103,000. While the land is currently offered for sale at $186,000, it is considered by the purchaser as easily being worth $176,000, and is finally purchased for $173,000, the land should be recorded in the purchasers books at:

$113,000.

$173,000.

$174,500.

$176,000.

$186,000.

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