catchicken22 catchicken22
  • 22-01-2021
  • Business
contestada

Can someone please help what’s the answer

Can someone please help whats the answer class=

Respuesta :

Samawati
Samawati Samawati
  • 24-01-2021

Answer:

$161,000

Explanation:

Snap repair service accepted the seller counteroffer of $161,000. It means that Snap repair service paid the sum of $161,000 to acquire the land. Snap repair should record the value of the land as $161,000.

As per the guidelines of the generally accepted accounting principles, the value to be recorded is the amount paid to acquire the asset.

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