Chapter 4, Problem 26Q

I need help with this general accounting problem using proper accounting guidelines.

A parcel of land is offered for sale at $182,000, is assessed for tax purposes at $140,000, is recognized by Crown Developers as being worth $175,000, and is purchased for $169,000. The land should be recorded in the purchaser's books at :( explain the answer) A. $140,000 B. $175,000 C. $169,000 D. $182,000 E. $160,000

Please explain the solution to this general accounting problem using the correct accounting principles.

General accounting

Please give me answer with accounting question

Can you solve this general accounting problem with appropriate steps and explanations?

I need help by experienced expert and true answer.

Can you solve this general accounting problem with appropriate steps and explanations?

How much are total assets of the firm?