If a company is considering the purchase of a parcel of land that was acquired by the seller for $85,000, is offered a sale at $150,000, is asseted for tax purposes at $95,000, and is purchased for $137,000, the land should be recorded on the purchaser's books as
A. $85,000
B. $95,000
C. $137,000
D. $150,000
Answer: C. $137,000
Business
You might also like to view...
The difference between present value and reproduction cost is:
a. Market Value b. Depreciation c. Book value d. appreciation
Business
CPM was developed for use in managing projects about which we have good information about activity or task completion times
Indicate whether the statement is true or false
Business