A building is offered for sale at $500,000 but is currently assessed at $400,000. The purchaser of
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A building is offered for sale at $500,000 but is currently assessed at $400,000. The purchaser of the building believes the building is worth $475,000, but ultimately purchases the building for $450,000. The purchaser records the building at:
a. $50,000.
b. $400,000.
c. $450,000.
d. $475,000.
e. $500,000.
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