If a business is considering the purchase of a parcel of land that was purchased by the seller for $88,000, is offered for sale at $156,000, is assessed for tax purposes at $98,000, the buyer readily recognizes that it is worth $146 000 and purchased for $143,000, 

What should be amount of  land must be recorded on the buyer's books?

Answer rating: 100% (QA)

The amount of land that should be recorded on the buyers ... View the full answer