Help Save & Exit Subr Land was acquired in 2021 for a future building site at a cost of $41,900. The assessed valuation for tax purposes is $28,200, a qualified appraiser placed its value at $48,400, and a recent firm offer for the land was for a cash payment of $44,600. The land should be reported in the financial statements at Multiple Choice $44,600 $28.200 $41,900 $48,400 99