According to the cost principle, land that was originally acquired for $85,000 is offered for sale at $150,000, is assessed for

Question

3 years ago

6

According to the cost principle, land that was originally acquired for $85,000 is offered for sale at $150,000, is assessed for

tax purposes at $95,000, is recognized by its purchasers as easily being worth $140,000, and is sold for $137,000, the land should be recorded in the purchaser's books at?

Mathematics

2 answers:

Anit [1.1K] · Answer 1 · 2022-06-17T03:00:13+03:00

Anit [1.1K]3 years ago

6 0

Pretty sure thats the answer $137,000

SVETLANKA909090 [29] · Answer 2 · 2022-06-17T04:43:26+03:00

SVETLANKA909090 [29]3 years ago

5 0

<span>$137000 is the answer

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