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A parcel of land is offered for sale at $ 4 5 , 0 0 0 and is assessed for tax purposes at $ 2

A parcel of land is offered for sale at $45,000 and is assessed for tax purposes at $20,000. The purchaser assesses
the land to be worth $36,000, and purchased it for $34,000. The land should be recorded in the purchaser's books at

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