Success Co. has the following information as of January 1, 2017 on its Property, Plant and

Equipment account:

Historical Cost Accumulated Depreciation

Land 25,000,000 -

Buildings and improvements 150,000,000 50,000,000

Machinery and equipment 200,000,000 18,750,000

There were no additions or disposals during 2017. Depreciation expense is computed on a

straight-line method over 20 years for buildings and improvements and 10 years for

machinery and equipment. On January 1, 2017, all of the company's property, plant and

equipment were appraised as follows:

Fair Value

Land 50,000,000

Buildings and improvements 225,000,000

Machinery and equipment 225,000,000

Success Co. booked the appraisal on December 31, 2017.

How much should Success Co. report as revaluation surplus in Property, Plant and

Equipment under the shareholders' equity?

a. 143,750,000 b. 193,750,000 c. 207,500,000 d. 318,250,000