[williamsa9]

If a parcel of land that was originally purchased for $85,00 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 purchaser's books at:

[Fr_Chuck]

Actual purchase price, you did not list what the sell price was, but I assume this was homework not a real question