Your clients are convinced that they can double their money through investment in land. They have indicated that they intend to buy, hold, and then sell after the area surrounding the investment has built up. They intend to buy the land with little down payment. You advise them to carefully consider: A) the cost recovery effect on the land.
B) their age in relation to the investment duration.
C) the holding costs associated with the investment.
D) replacement value as a factor.