Ten Years Ago,a Company Purchased a Building for $190,000

Multiple Choice

Ten years ago,a company purchased a building for $190,000.At that time,the company felt that the building was worth $215,000.The current market value of the building is $450,000.The building has been assessed at $425,000 for property tax purposes.At which amount should the company record the building in its accounting records?

A) $190,000
B) $215,000
C) $425,000
D) $450,000