002 Q:11) In 2011, the Denim Company bought land that cost $15,000. In 2019, a similar piece of land was bought for $28,000 and the company's existing land was estimated to be worth $18,000. Under ASPE, what is the amount that the land purchased in 2011 should be reported on the Balance Sheet at the end of 2019? A. $15,000 QB. $28,000 inf C. $18,000 abi D. The average of the three prices

Q:11) In 2011, the Denim Company bought land that cost $15,000. In 2019 , a similar piece of land was bought for $28,000 and the company's existing land was estimated to be worth $18,000. Under ASPE, what is the amount that the land purchased in 2011 should be reported on the Balance Sheet at the end of 2019 ? A. $15,000 B. $28,000 C. $18,000 D. The average of the three prices