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How the land value should be recorded by the repair service

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Problem - A repair service is interested in purchasing a plot of land. They offered $360,000 on Feburary 3, accepted a counteroffer of $380,000 on February 28, assessed the land at $390,000 on October 3rd, and was offered $450,000 on January 15. Determine how the land's value should be recorded by the repair service.

Reference no: EM132654757

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