Acadia Company purchased 75% of Yellowstone Company. On the acquisition date, Yellowstone owned a piece of land with a fair market value of $600,000 and book value of $400,000. What value should the land have on the consolidated balance sheet at the date of the acquisition?

a. 600,000

b. 400,000

c. 450,000

d. 300,000

e. none of the above