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Donner company is selling a piece of land adjacent to its business premises. an appraisal reported the market value of the land to be $218,767. the focus company initially offered to buy the land for $177,181. the companies settled on a purchase price of $211,881. on the same day, another piece of land on the same block sold for $230,319. under the cost concept, at what amount should the land be recorded in the accounting records of focus company?
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Donner company is selling a piece of land adjacent to its business premises. an appraisal reported t...
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