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What is the cost basis recorded in the buyer accounting

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Question - A building with an appraisal value of $138,832.00 is made available at an offer price of $158,603.00. The purchaser acquires the property for $31,609.00 in cash, a 90-day note payable for $26,128.00, and a mortgage amounting to $55,188.00. What is the cost basis recorded in the buyer's accounting records to recognize this purchase?

Reference no: EM131749304

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