The account Equipment appears on the balance sheet at $300,000 less accumulated depreciation of $100,000.

a. The equipments book value is $200,000.

b. The equipments book value is $300,000.

c. The equipments book value is $400,000.

d. The equipments market value is $200,000.

The cost of the equipment in the prior question was most likely:

a. $200,000.

b. $300,000.

c. $400,000.

d. Some undeterminable amount.