An accountant is trying to decide how to present property, plant and equipment in the notes to the balance sheet. The company's assets are old. The accountant feels that two options are available: Option 1: Prop, plant and equipment, net of depreciation $10,000,000 or Option 2: Property, plant and equipment $50,000,000 less: Accumulation depreciation (40,000,000) Net book value $10,000,000 Discuss the financial reporting issues, including any ethical issues