2 Xono Company purchased the net assets of Yoyo Corporation for $1,000,000. The balance sheet of Yoyo immediately prior to the acquisition is as follows: Current Assets $200,000 Current Liabilities S200,000 Equipment, net 200,000 Common Stock 100,000 300,000 100,000 Retained Earnings 500,000 S1,100,000 Building 600,000 APIC Goodwill $1,100,000 The market values of Yoyo's current assets and current liabilities equal the book values. The building has a market value of $700,000 and the equipment has a market value of $300,000. How will the equipment be valued on the books of Xono