Craswall Ltd has acquired a substantial plot of land. The company's management does not intend to sell the land or to use it in any way in the near future. Craswall does not own any other similar properties. In accordance with IAS 40 Investment property, which of the following statements is correct for its subsequent measurement? A. The land must be measured at fair value and gains and losses on remeasurement should be recognised in profit or loss. B. The land should be measured at fair value and gains and losses on remeasurement should be recognised in other comprehensive income. C. The land may be measured either at its historic cost less accumulated depreciation or at its fair value, in which case gains and losses on remeasurement are recognised in profit or loss. D. The land may be measured either at its historic cost less accumulated depreciation or at its fair value, in which case gains and losses on remeasurement are recognised in other comprehensive income