Cost Concept On February 3, Clairemont Repair Service extended an offer of $121,000 for land that had been priced for sale at $139,000. On February 28, Clairemont Repair Service accepted the seller's counteroffer of $132,000. On October 23, the land was assessed at a value of $198,000 for property tax purposes. On January 15 of the next year, Clairemont Repair Service was offered $211,000 for the land by a national retail chain. At what value should the land be recorded in Clairemont Repair Service's records