Homevestors purchased land for $400,000 in 2007.

Calculator @ Homevestors purchased land for $400,000 in 2007. In 2019, an independent appraiser assessed the value of the land at 900,000. At what amount should the land be recorded on the company's 2019 financial statements? a whichever amount the company considers to be the best indicator of the land's true value b. at its $900,000 appraised value c. at $500,000, the difference between the land's cost and assessed value d. at its cost of $400,000