A company is using the liquidation basis of accounting and is currently producing a statement of net assets. The company has a building with a cost of $2.3 million but also accumulated depreciation of $900,000. The building has a fair value of $1.7 million although the company only expects to get $1.6 million in a quick sale. Sales costs are expected to be $100,000. What is reported for this building on a statement of net assets? Multiple choice question. $2,300,000 $1,400,000 $1,600,000 $1,500,000