help and I will upvote

Land was acquired in 2024 for a future building site at a cost of $41,800. The assessed valuation for tax purposes is $27,800, a qualified appraiser placed its value at $48,700, and a recent firm offer for the land was for a cash payment of $45,100. The land should be reported in the financial statements at: Multiple Choice $48,700. $41,800. $27,800. $45,100 Long-lived, revenue-producing assets are measured at: Multiple Choice Present value. Current cost. Depreciation (or amortized) cost. Fair value