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Phillip purchased a small apartment complex in 2021 he paid 375,000 for it. There was no specified value for the land in the contract. The
Phillip purchased a small apartment complex in 2021 he paid 375,000 for it. There was no specified value for the land in the contract. The most recent real estate assessment had the property valued at $350,000 of which 308,000 was for the building 42,000 for the land assuming no other expenses. What is Phillips basis for the apartment $308,000 or $330,000 or $350,000 or $375,000.
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Auditing Fundamentals In A South African Context
Authors: Gerrit Penning, Rika Butler, Pieter Von Wielligh, Frans Prinsloo
2nd Edition
0190749040, 978-0190749040
