Alfa company has built a new warehouse with prefabricated elements. In the time of the work, the unit incurred the following expenses: - purchase of prefabricated elements $ 500,000, - work of a construction company $ 150,000, - clearing the site for a factory $ 60,000 (recovered scrap sold for $ 10,000), - fees for building permits $ 5,000. The face value of the new PPE asset was:

Select one:

a. $715 000

b. $705 000

c. $650 000

d. $655 000