Ajax and Brindel Corporations Have Filed Consolidated Returns for Several

Ajax and Brindel Corporations have filed consolidated returns for several calendar years. Ajax acquires land for $60,000 on January 1 of last year. On September 1 of this year, Ajax sells the land to Brindel for $90,000. The basis and holding period for the land acquired by Brindel are:

A) $$\begin{array} { | l | l | } \hline \text { Basis } & \text { Holding Period Begins On } \\\hline \$ 90,000 & \text { January 2of last year } \\\hline\end{array}$$
B) $$\begin{array} { | l | l | } \hline \text { Basis } & \text { Holding Period Begins On } \\\hline \$ 60,000 & \text { January 2 of last year } \\\hline\end{array}$$
C) $$\begin{array} { | l | l | } \hline \text { Basis } & \text { Holding Period Begins On } \\\hline \$ 90,000 & \text { September } 2 \text { of this year } \\\hline\end{array}$$
D) none of the above