Birken CoPurchased a Building for $600,000 in 2004

Multiple Choice

Birken Co.purchased a building for $600,000 in 2004.At the end of 2016, when it had a book value of $450,000, it was appraised for $1,000,000.A potential buyer offered $900,000.Birken rejected the offer.What amount should is recorded on Birken's records at the end of 2016 in the account called Buildings?

A) $2,000,000
B) $800,000
C) $500,000
D) $350,000