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A company is considering purchasing a parcel of land that was originally acquired by the seller for $ 1 0 3 , 0 0 0

 A company is considering purchasing a parcel of land that was originally acquired by the seller for $103,000. While the land is currently offered for sale at $186,000, it is considered by the purchaser as easily being worth $176,000, and is finally purchased for $173,000, the land should be recorded in the purchasers books at what amount?

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