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A building with an appraisal value of $134,857.00 is made available at an offer price of $150,224.00. The purchaser acquires the property for $37,247.00 in
A building with an appraisal value of $134,857.00 is made available at an offer price of $150,224.00. The purchaser acquires the property for $37,247.00 in cash, a 90-day note payable for $23,168.00, and a mortgage amounting to $54,536.00. What is the cost basis recorded in the buyer's accounting records to recognize this purchase? Select the correct answer. $112,977.00 $134,857.00 O$150,224.00 $114,951.00 A new machine with a purchase price of $93,009.00, with transportation costs of $8,823.00, installation costs of $5,080.00, and special acquisition fees of $2,286.00. Calculate a cost basis. Select the correct answer. $93,009.00 $98,089.00 $109,198.00 $100,375.00 A used machine with a purchase price of $31,941.00, requiring an overhaul costing $8,903.00, installation costs of $5,934.00, and special acquisition fees of $9,478.00, would have a cost basis of Select the correct answer $31,941.00 $56,256.00 $80,571.00 $40,844.00
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