1B-8. LEAH Inc. purchases a parcel of land for $20,000. Sometime later a freeway is built near the property. According to many experts the freeway increases the value of the land to $18,000,000. Are Required 1. What would be the value of LEAH's property according to an accountant using US GAAP? 2. What would be the value of LEAH's property according to an accountant using mark-to-market? 3. Explain the difference between historical cost and current cost