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224 If a company is considering the purchase of a parcel of land that was originally acquired by the seller for $88,000, is currently

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224 If a company is considering the purchase of a parcel of land that was originally acquired by the seller for $88,000, is currently offered for sale at $156,000, is considered by the purchaser as easily being worth $146,000, and is finally purchased for $143,000, the land should be recorded in the purchaser's books at Submit

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