Q.1 if a parcel of land that was originally acquired for $92,500 is

Q.1 If a parcel of land that was originally acquired for $92,500 is offered for sale at $145,000, is assessed for tax purposes at $102,500, is recognized by its purchasers as easily being worth $135,000, and is sold for $132,000, the land should be recorded in the purchaser’s books at:   $135,000.   $102,500.   …

Q.1 if a parcel of land that was originally acquired for $92,500 is Read More »