How the plants will be reported as assets at

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Problem 1: The Pharoah Company has five plants nationwide that cost $370 million. The current fair value of the plants is $620 million. The plants will be reported as assets at

Option 1: $370 million.

Option 2: $250 million.

Option 3: $620 million.

Option 4: $990 million.

Reference no: EM132734934

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