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If a parcel of land that was originally purchased for $80,000 is offered for sale at $150,000, is assessed for tax purposes at $95,000, is
If a parcel of land that was originally purchased for $80,000 is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by its purchasers as easily being worth $140,000, and is ultimately sold for $137,000; the land should have be recorded in the seller's books before the sale at? A. $ 80,000. B. $ 95,000. C. $137,000. D. $140,000. E. $150,000.
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