In Year 2,the Denim Company Bought an Acre of Land

Multiple Choice

In Year 2,the Denim Company bought an acre of land that cost $15,000.In Year 5,another company purchased a nearby acre of land for $28,000 and a different company purchased another nearby acre of land for $26,000.As a result,an appraiser estimated that the acre owned by Denim had increased in value to $27,000.If Denim prepares a balance sheet at the end of Year 5,the acre of land that it owns should be reported at:

A) $15,000.
B) $28,000.
C) $27,000.
D) the average of all of the amounts.