Business, 21.12.2019 01:31 parmer6527p810bw

8. if a parcel of land that was originally purchased for $85,000 is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by its purchasers as easily being worth $140,000, and is purchased for $137,000, the land should be recorded in the seller's books at (1.5 points):

a. $ 85,000 increase

b. $ 85,000 decrease

c. $137,000 increase

d. $137,000 decrease

e. none of the above

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8. if a parcel of land that was originally purchased for $85,000 is offered for sale at $150,000, is...

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