Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $220,282. Focus Company initially offered to buy the land for $180,112. The companies settled on a purchase price of $208,521. On the same day, another piece of land on the same block sold for $239,095. Under the cost concept, at what amount should the land be recorded in the accounting records of Focus Company? O a. $208,521 O b. $180,112 O c. $239,095 O d. $220,282

Donner Compony is selling o piece of tand adjoctint to its buwnes premices. An aporainal repiorted the markict value of the land to be 5220,282 . focus Cornpany initally affered to buy the land for $180,112. The companies setwied on a purchase ptice of $208,521 On the sane day, ancther pirce of land on the same Block sold for $239,095. Whider the cost concept, at what amourit should the land be recarded in the accounting records ef focus Corngany? 4. 12053 14. 148143 6. \$1 avs (a) re.7e