Otter Ltd Has an Item of Plant with a Cost

Multiple Choice

Otter Ltd has an item of plant with a cost of $4,200,000, and at 30 June 20X4 the accumulated depreciation was $600,000 and its estimated residual amount $200,000; its accumulated impairment was $150,000 at the beginning of the reporting period.
-Otter Ltd has adopted the cost model for the class of assets.What is the carrying amount of the asset at 30 June 20X4?

A) $3,650,000
B) $3,400,000
C) $3,450,000
D) $3,250,000