COB BKAL1012-On May 20, White Repair Service extended an offer

by | Mar 18, 2020 | Uncategorized

  

On May 20, White Repair Service extended an offer of MYR108,000 for land that have been priced for sale at MYR140,000. On May 30, White Repair Service accepted the seller’s counteroffer of MYR115,000. On June 20, the land was assesses at a value of MYR95,000 for property tax purposes. On July 4, White Repair Service was offered MYR150,000 for the land by a national retail chain. At what value should the land be recorded in White Repair Service’s records?

  

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