Suppose that Carla Vista Company has four plants nationwide that cost $$960$ million. Accumulated depreciation on the plants is $$305$

million at December $31,2027.$ The current fair value of the plants at that date is $$790$ million. The plants will be reported on the

December $31,2027$ balance sheet at

$$655$ million.

$$790$ million.

$$960$ million.

$$485$ million.