The Mac Company Has Four Plants Nationwide That Cost $450

question 43

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.

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