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***Question #5*** 27 Ten years ago, DET Co. and DEN Co. each purchased land for $12M. Today DET and DEN both evaluated the current value

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***Question #5*** 27 Ten years ago, DET Co. and DEN Co. each purchased land for $12M. Today DET and DEN both evaluated the current value of their land. DET determined that the market value of its land was $4M, whereas DEN determined that the market value of its land was $22M. If these two companies were to prepare a balance sheet today, what amounts should they each show for their land? A B C D DET $12M $4M $12M $4M DEN $12M $22M $22M $12M

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