Probox Ltd bought some land on April 1, 2021, paying $5,000,000 to the land owner. An independent evaluation reveals that the land is worth $6,000,000. Using historical cost as a measurement base, how should Probox Ltd recognise this purchase of land in its financial statements? O a $5,000,000 recognised as an asset and $1,000,000 recognised as equity O b. $6,000,000 recognised as an asset Oc $5,000,000 recognised as an asset Od. $5,000,000 recognised as an asset and $1,000,000 as a liability Probox Ltd bought some land on April 1, 2021, paying $5,000,000 to the land owner. An independent evaluation reveals that the land is worth $6,000,000 Using historical cost as a measurement base, how should Probox Ltd recognise this purchase of land in its financial statements? Ca $5,000,000 recognised as an asset and $1,000.000 recognised as equity Ob. $6,000,000 recognised as an asset O $5,000,000 recognised as an asset Od $5,000,000 recognised as an asset and $1,000,000 as a liability