On February 3, Clairemont Repair Services extended an offer of $360,000 for land that had been priced for sale at $400,000. On February 28 , Clairemont Repair Service accepted the 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 Services was offered $450,000 for the land by a national retail chain. At what value should the land be recorded in the Clairemont Repair Service's records