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Donner Company is selling a plece of land adjacent to its business premises, An appraisal reported the market value of the land to be $218,269.
Donner Company is selling a plece of land adjacent to its business premises, An appraisal reported the market value of the land to be $218,269. The Focus Company initialy offered to buy the land for $178,411. The companies setbed on a purchase price of $213,307, On the same day, another piece of iand on the same block sold for 3237,908. Under the cost concept, at what amount should the land be recorded in the accounting records of Focus Company? a. 5737,008 b. $21820 c. 3213,397 d. \$178.411
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