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What is the cost basis recorded in buyer accounting records

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Question - A building with an appraisal value of $136,559.00 is made available at an offer price of $158,419.00. The purchaser acquires the property for $37,019.00 in cash, a 90-day note payable for $31,510.00, and a mortgage amounting to $59,687.00. What is the cost basis recorded in the buyer's accounting records to recognize this purchase?

Reference no: EM133178399

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