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A building with an appraisal value of $163,000 is made available at an offer price of $180,000. The purchaser acquires the property for $42,000 in

A building with an appraisal value of $163,000 is made available at an offer price of $180,000. The purchaser acquires the property for $42,000 in cash, a 90-day note payable for $49,000, and a mortgage amounting to $77,000. The cost basis recorded in the buyer's accounting records to recognize this purchase is

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