Answered

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If a company is considering the purchase of a parcel of land that was originally acquired by the seller for $98,000 is currently offered for sale at $176,000, is considered by the purchaser as easily being worth $166,000, and is finally purchased for $163,000, the land should be recorded in the purchaser's books at:

Sagot :

abiolataiwo2015

Answer:

$163,000

Explanation:

Based on the information given in a situation where the company is considering the purchase of a land which means that if the parcel of land was finally purchased for the amount of $163,000 the amount in which the land should be recorded in the purchaser's books will be the amount of $163,000 which was the amount that was finally used to Purchased the land.

Therefore the land should be recorded in the purchaser's books at:$163,000

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