Use the Following Information to Answer the Next Two Questions

Multiple Choice

Use the following information to answer the next two questions.
Franco Company uses IFRS and owns property, plant and equipment with a historical cost of 5,000,000 euros. At December 31, 2013, the company reported a valuation reserve of
8,565,000 euros. At December 31, 2014, the property, plant and equipment was appraised at
5,525,000 euros.
-The property, plant and equipment will be reported on the December 31, 2014 statement of financial position at

A) 5,000,000 euros.
B) 5,525,000 euros.
C) 8,565,000 euros.
D) 9,090,000 euros.