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Business, 25.06.2020 01:01 jocelynmarquillo1

On June 25, Gallatin Repair Service extended an offer of $123,000 for land that had been priced for sale at $141,000. On July 9, Gallatin Repair Service accept the seller's counter offer or $134,000. On October 1, the land was assessed at a value of $201,000 for property tax purposes. On December 22, Gallatin Repair Service was offered $214,000 for the land by a national retail chain. At what value should the land be recorded in Easy Repair Service's records?

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On June 25, Gallatin Repair Service extended an offer of $123,000 for land that had been priced for...

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