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A building with an appraisal value of 12918800 is made

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A building with an appraisal value of $129,188.00 is made available at an offer price of $158,591.00. The purchaser acquires the property for $39,613.00 in cash, a 90-day note payable for $28,694.00, and a mortgage amounting to $59,860.00. What is the cost basis recorded in the buyer's accounting records to recognize this purchase?

Reference no: EM13592525

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