Equipment in Andy's Auto Body Repair Shop was completely destroyed by an explosion due to a natural gas leak ignited by a welding torch. The adjusted basis of the equipment was $$250,000.$ The insurance company paid $$300,000-$ the replacement value of the fully insured equipment. One month later, Andy purchased new equipment costing $$400,000.$ As a result of this casualty and the insurance proceeds, the new equipment will have a basis of how much?

A$.$ $$100,000$

B$.$ $$150,000$

C$.$ $$350,000$

D$.$ $$400,000$