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On May 19, integrity repair services extended an offer of $335,000 for land that has been priced for sale at $363,000. On June 4, integrity
On May 19, integrity repair services extended an offer of $335,000 for land that has been priced for sale at $363,000. On June 4, integrity repair service accepted the sellers counteroffer of $345,000. On October 10, the land was assessed at a value of 290,000 for property tax purposes. On February 5 of the next year, Integrity repair service was offered $380,000 for the land by a national retail chain. At what value should the land be recorded in Integrity Repair Service's records?
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