please and thank you

Gamma purchased land with the intention of profiting from the rising prices of land. The management team expects to gain about 50% on the investment in 3 years. Meanwhile, how should Gamma classify the piece of land acquired in the balance sheet? Long-term liability / Notes payable Noncurrent Asset / Long-term investments Noncurrent Asset / PP\&E Current Asset / Short-term investment Stockholders' Equity / Common Stock