The Mac Company Has Four Plants Nationwide That Cost $450

Multiple Choice

The Mac Company has four plants nationwide that cost $450 million.Accumulated depreciation on the plants is $100 million at December 31, 2022.The current fair value of the plants at that date is $300 million.The plants will be reported on the December 31, 2022 balance sheet at

A) $350 million.
B) $700 million.
C) $300 million.
D) $600 million.