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Mento, Inc. spent $ 4 , 8 0 0 , 0 0 0 in 2 0 2 4 to repair and update its plant assets.

Mento, Inc. spent $4,800,000 in 2024 to repair and update its plant assets. This consisted of $1,800,000 to paint the building, $345,000 to replace worn-out gears on motors, $960,000 to install special shelving that will increase operating efficiency in the plant, and $1,695,000 on new machinery. What amount of these costs would be reported as assets on Mentos December 31,2024 statement of financial position?Select one:a. $2,655,000b. $4,800,000c. $2,445,000d. $4,455,000

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