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a company is considering to purchase land which is offered for sale at AED150,000. The actual price paid by the company was AED137,000 what cost

a company is considering to purchase land which is offered for sale at AED150,000. The actual price paid by the company was AED137,000 what cost the land should be recorded in the accounting records of the comapny? which accounting principle the company should follow record the land?

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