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On June 25, Obermayer Repair Service extended an offer of $90,000 for land that had been priced for sale at $103,000. On July 9, Obermayer Repair Service accepted the seller's counteroffer of $98,000. On October 1, the land was assessed at a value of $147,000 for property tax purposes. On December 22, Obermayer Repair Service was offered $157,000 for the land by a national retail chain.
At what value should the land be recorded in Obermayer Repair Service's records?
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- On February 3, Gallatin Repair Service extended an offer of $152,000 for land that had been priced for sale at $173,000. On February 28, Gallatin Repair Service accepted the seller's counteroffer of $165,000. On October 23, the land was assessed at a value of $248,000 for property tax purposes. On January 15 of the next year, Gallatin Repair Service was offered $264,000 for the land by a national retail chain. At what value should the land be recorded in Gallatin Repair Service's records?On February 3, McCade Repair Service extended an offer of $63,000 for land that had been priced for sale at $72,000. On February 28, McCade Repair Service accepted the seller's counteroffer of $69,000. On October 23, the land was assessed at a value of $104,000 for property tax purposes. On January 15 of the next year, McCade Repair Service was offered $110,000 for the land by a national retail chain. At what value should the land be recorded in McCade Repair Service's records?On June 25, Obermayer Repair Service extended an offer of $135,000 for land that had been priced for sale at $154,000. On July 9, Obermayer Repair Service accepted the seller's counteroffer of $147,000. On October 1, the land was assessed at a value of $221,000 for property tax purposes. On December 22, Obermayer Repair Service was offered $235,000 for the land by a national retail chain. At what value should the land be recorded in Obermayer Repair Service's records?$
- On February 3, Boulder Repair Service extended an offer of $566,000 for land that had been priced for sale at $629,000. On February 28, Boulder Repair Service accepted the seller’s counteroffer of $597,000. On October 23, the land was assessed at a value of $613,000 for property tax purposes. On January 15 of the next year, Boulder Repair Service was offered $708,000 for the land by a national retail chain. At what value should the land be recorded in Boulder Repair Service’s records?On June 25, McCade Repair Service extended an offer of $109,000 for land that had been priced for sale at $124,000. On July 9, McCade Repair Service accepted the seller's counteroffer of $118,000. On October 1, the land was assessed at a value of $177,000 for property tax purposes. On December 22, McCade Repair Service was offered $189,000 for the land by a national retail chain. At what value should the land be recorded in McCade Repair Service's records?On June 25, Tin Roofing extended an offer of $88,000 for land that had been priced for sale at $101, 000. On July 9, Tin Roofing accepted the seller's counteroffer of $ 96,000. On October 1, the land was assessed at a value of $144,000 for property tax purposes. On December 22, Tin Roofing was offered $154,000 for the land by a national retail chain. At what value should the land be recorded in Tin Roofing's records?
- On June 25, AAA Repair Service extended an offer of $76,000 for land that had been priced for sale at $87,000. On July 9, AAA Repair Service accepted the seller's counteroffer of $83,000. On October 1, the land was assessed at a value of $125,000 for property tax purposes. On December 22, AAA Repair Service was offered $133,000 for the land by a national retail chain. At what value should the land be recorded in AAA Repair Service's records? %24On May 7, Carpet Barn Company offered to pay $72,520 for land that had a selling price of $90,000. On May 15, Carpet Barn accepted a counteroffer of $86,190. On June 5, the land was assessed at a value of $100,000 for property tax purposes. On December 10, Carpet Barn Company was offered $133,610 for the land by another company. At what value should the land be recorded in Carpet Barn Company's records?$fill in the blank 1On June 25, Tin Roofing extended an offer of $114,000 for land that had been priced for sale at $130,000. On July 9, Tin Roofing accepted the seller's counteroffer of $124,000. On October 1, the land was assessed at a value of $186,000 for property tax purposes. On December 22, Tin Roofing was offered $198,000 for the land by a national retail chain. At what value should the land be recorded in Tin Roofing's records? fill in the blank 1 of 1$.
- On May 7, Carpet Barn Company offered to pay $80,850 for land that had a selling price of $90,000. On May 15, Carpet Barn accepted a counteroffer of $85,300. On June 5, the land was assessed at a value of $100,000 for property tax purposes. On December 10, Carpet Barn Company was offered $126,060 for the land by another company. At what value should the land be recorded in Carpet Barn Company's records?On March 31, Higgins Repair Service extended an offer of $415,000 for land that had been priced for sale at $460,000. On April 15, Higgins Repair Service accepted the seller’s counteroffer of $437,500. On September 9, the land was assessed at a value of $375,000 for property tax purposes. On December 8, Higgins Repair Service was offered $475,000 for the land by a national retail chain.At what value should the land be recorded in Higgins Repair Service's records?Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land to be $219,879. The Focus Company initially offered to buy the land for $177,067. The companies settled on a purchase price of $209,440. On the same day, another piece of land on the same block sold for $233,966. Under the cost concept, at what amount should the land be recorded in the accounting records of Focus Company? Oa. $211,966 Ob. $177,067 Oc. $209,440 Od. $219,879
