Temper Co. which began operation ten years ago reported plant assets in its 2020 balance sheet as follows:

Property, Plant and Equipment $8,000,000

Less: Accumulated Depreciation 3,500,000

Net Property, Plant and Equipment $4,500,000

From the information above, which of the following statements is an accurate statement about the company?

Select one:

a. The company would receive $4,500,000, if it sold the plant assets at the end of 2020.

b. The company would have to pay $8,000,000 to replace its plant assets, if they were replaced at the end of 2020.

c. The amount the company paid for plant assets it controlled at the end of 2020 was $4,500,000.

d. The amount of depreciation expense for 2020 was $3,500,000.

e. None of the above.