Cost Concept On May 19, McCode Repair Service extended an offer of $90,000 for land that had been priced for sale at $103,000. On June 4, McCode Repair Service accepted the seller's counteroffer of $98,000. On October 10, the land was assessed at a value of $147,000 for property tax purposes. On February 5 of the next year, McCode Repair Service was offered $157,000 for the tand by a national retall chain At what value should the land be recorded in Mccade Repair Service's recordu