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Dashboard My courses Principles of Accounting II Topic 10 Test 1 9 10 Time left 0:08:19 Finish attem Question answered Marked out of 1 P Flag question ABC Inc. spent $4,800,000 during 2020 to repair and update its plant assets. This consisted of $1,800,000 to paint the building $345,000 to transfer new machinery, $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 appear as assets on ABC, Inc.'s December 31, 2020 statement of financial position? A. $4,800,000 B. $2,655,000 C. $3,000,000 D. 54,455,000 Select one