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Business, 20.12.2019 05:31 brittanysanders

Abuilding with an appraisal value of $154,000 is made available at an offer price of $172,000. the purchaser acquires the property for $40,000 in cash, a 90-day note payable for $45,000, and a mortgage amounting to $75,000. the cost basis recorded in the buyer's accounting records to recognize this purchase isa. 154,000

b. 172,000

c. 160,000

d. 120,000

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