If a company is considering the purchase of a parcel of land that was acquired by the seller for $100,000 is offered for sale at $180,000, is assessed for tax purposes at $110.000, considered by the purchaser as easily being worth $170,000, and is purchased for $167.000, the land should be recorded in the purchaser's books at Multiple Choice O $110.000 $167.000 $168.500 O $110.000 0 $90,000 re 1 of 19 Next > 9