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If a parcel of that was originally acquired for $85,000 is offered for sale at $150,000, is assessed for tax purpose at $95,000, is recognized
If a parcel of that was originally acquired for $85,000 is offered for sale at $150,000, is assessed for tax purpose at $95,000, is recognized by its purchaser as easily being worth $140,000, and is sold for #137,000, the land should be recorded in the purchasers books at:
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