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AreaAssume that Sienna Company purchased the following land on June 19, 20Y9, for $200,000: Price listed by seller on May 1, 20Y9 $210,000 Sienna Company's

AreaAssume that Sienna Company purchased the following land on June 19, 20Y9, for $200,000: Price listed by seller on May 1, 20Y9 $210,000 Sienna Company's initial offer to buy on May 25, 20Y9 $205,000 Estimated selling price on December 31, 20Y9 $250,000 Assessed value for property taxes, December 31, 20Y9 $230,000

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