Ten years ago a corporation purchased a building for $160,000. at that time, the corporation felt that the building was worth $185,000. the current market value of the building is $430,000. the building has been assessed at $405,000 for property tax purposes. at which amount should the corporation record the building in its accounting records?
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Home » Business » Ten years ago a corporation purchased a building for $160,000. at that time, the corporation felt that the building was worth $185,000. the current market value of the building is $430,000.