50. Franco Company uses IFRS and owns property, plant and equipment with a historical cost of 5,000,000 euros. At December 31, 2011, the company reported a valuation reserve of 8,365,000 euros. At December 31, 2012, the property, plant and equipment was appraised at 5,325,000 euros. The valuation reserve at December 31, 2012 will be reported at A) 8,690,000 euros in the stockholders' equity section of the Balance Sheet. B) 8,040,000 euros on the Statement of Stockholders' Equity. C) 8,365,000 euros in the Assets section of the Balance Sheet D) 325,000 euros on the Income Statement