Assets of Argus Ltd Include a Plot of Land Purchased $\quad$

Multiple Choice

Assets of Argus Ltd include a plot of land purchased for $40 000.On 1 January 20X0 Argus became a subsidiary of Cyclops Ltd.The land was sold on 30 March 20X9 for $350 000.The land's fair value at the following dates was:
1 January 20X0 $\quad$$\quad$$\quad$ $100 000
31 December 20X3 $\quad$$\quad$ $270 000
31 December 20X6 $\quad$$\quad$ $240 000
31 December 20X8 $\quad$$\quad$ $360 000
The group applies the cost model.The carrying amount of the land immediately before control date is $40 000.
What is the profit on sale of land attributable to the group in 20X9?

A) $60 000
B) $310 000
C) $250 000
D) None of the above