Ace Electronics Bought a New Factory for $5,000,000

Multiple Choice

Ace Electronics bought a new factory for $5,000,000.The factory was originally offered for sale for $5,200,000,but Ace successfully negotiated a lower price.Acme,Inc.was also trying to buy the factory and offered to pay $4,900,000.Ace should record the factory on its books at ________.

A) $5,200,000
B) $5,000,000
C) $4,500,000
D) $4,900,000