White Company assets as of December 31, 2021:

White Co. experienced the following events in 2022:

Old equipment that cost $120 and that was fully depreciated was scrapped.

Depreciation expense was $125.

Cash payments for new equipment were $200.

Based on the information above, what was White Co.’s net amount of property, plant, and equipment at the end of 2022?

a. $1,415

b. $1,535

c. $1,655

d. $1,660.

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Cash and cash equivalents Operating assets Property, plant, and equipment Total assets $ 150 $1,190 $1,460 $2,800