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 companys 2019 financial statements?

	a.	whichever amount the company considers to be the best indicator of the land's true value
	b.	at $500,000, the difference between the lands cost and assessed value
	c.	at its cost of $400,000 d.at its $900,00 appraised value