Land should be recorded in the purchasers books


A parcel of land is offered for sale at $148,000, is assessed for tax purposes at $110,000, is recognized by its purchasers as being worth $138,000, and is purchased for $135,000. The land should be recorded in the purchaser's books at:

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Managerial Accounting: Land should be recorded in the purchasers books
Reference No:- TGS083593

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