In 1990,Johnson Company Purchased a Building for $170,000

In 1990,Johnson Company purchased a building for $170,000.In 2020,a real estate professional says the building has a fair value of $1,000,000.In 2020,a similar building down the street recently sold for $900,000.What value,before consideration of accumulated depreciation,is reported for the building on the balance sheet at December 31,2020?

A) $170,000
B) $585,000
C) $900,000
D) $1,000,000