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What cost basis recorded in the buyer accounting records

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Problem 1: A building with an appraisal value of $155,000 is made available at an offer price of $177,000. The purchaser acquires the property for $47,000 in cash, a 90-day note payable for $52,000, and a mortgage amounting to $81,000. The cost basis recorded in the buyer's accounting records to recognize this purchase is

Reference no: EM132967267

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