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allochka39001 [22]
3 years ago
13

f a company is considering the purchase of a parcel of land that was acquired by the seller for $85,000, is offered for sale at

$150,000, is assessed for tax purposes at $95,000, is recognized by the purchaser as easily being worth $140,000, and is purchased for $137,000, the land should be recorded in the purchaser's books at:
Business
1 answer:
OleMash [197]3 years ago
6 0

Answer:

$137,000

Explanation:

The land should be recorded in the purchaser's books at $137,000 because according to the information given the land was first acquired at $85,000 in which the they person who acquired it offered to sell it out at $150,000 in which it was again recognized as been worth $140,000 but was later PURCHASED for $137,000 which simply means the amount that the land was later been purchased will be the amount to be recorded in the purchaser's book which is $137,000.

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