eBook Show Me How Print Item Cost Concept On February 3, Clairemont Repair Service extended an offer of $360,000 for land that had been priced for sale at $400,000. On February 28, Claremont Repair Service accepted the seller's counteroffer of $380,000. On October 23, the land was assessed at a value of $390,000 for property tax purposes. On January 15 of the next year, Clairemont Repair Service was offered $450,000 for the land by a national retail chain. At what value should the land be recorded in Clairemont Repair Service's records? eBook Show Me How Print Item Cost Concept On February 3, Clairemont Repair Service extended an offer of $360,000 for land that had been priced for sale at $400,000. On February 28, Claremont Repair Service accepted the seller's counteroffer of $380,000. On October 23, the land was assessed at a value of $390,000 for property tax purposes. On January 15 of the next year, Clairemont Repair Service was offered $450,000 for the land by a national retail chain. At what value should the land be recorded in Clairemont Repair Service's records