(2) On December 1, Miser Corporation exchanged 2,000 shares of its $25 par value ordinary shares held in treasury for a parcel of land to be held for a future plant site. The treasury shares were acquired by Miser at a cost of $40 per share, and on the exchange date the ordinary shares of Miser had a fair value of $50 per share. Miser received $6,000 for selling scrap when an existing building on the property was removed from the site. Based on these facts, the land should be capitalized at Select one: a. $94.000. b. $80,000 c. $74,000. d. $100,000 On 1/7/2015 Rojas Company purchased for $560,000 a mine estimated to contain 2 million tons of ore the company paid for drilling 20,000$ and it expects to pay 20,000 as restoration cost during 2015 the company extracted 500,000 tons and sold 200,000.the book value of the mine at the end of 2015 will be : Select one: a. 450,000 O b. 60,000 C. 150,000 d. 540,000