A company has filed for Chapter 11 bankruptcy and is currently going through reorganization. The company is currently preparing a balance sheet. Equipment has a cost of $800,000 along with accumulated depreciation of $280,000 for a net book value of $520,000. This equipment has a fair value of $550,000 but would only net the company $440,000 if sold because of advertising and commissions. What does the company report for this equipment in the balance sheet reporting during reorganization? Multiple choice question. $440,000 $800,000 $520,000 $550,000