Question : i Question 1 ots Check My work (2 remaining Animated : 11289

i Question 1 ots Check My work (2 remaining Animated Example Exercise O Cost Concept On May 19, Gallatin Repair service extended an offer of s144000 for land that had been priced for sale at $165,000, on Nune 4, Galatin Repair service accepted the seler's counterofer of on october 10, the land was assessed at a value of s236.000 for property tax purposes. On February 5 of the next year Galatin Repair service was offered s2s1.ooo for the land by a national retail chain, hat value should the land be recorded in Gallatin Repair Service's records?

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