AI XYZ Insurance Company built a new home office complex six years ago at the cost of $20 million. Commercial real estate values have increased in the area, and the building could now be sold for $26 million. XYZ lists the value of the building on its balance sheet at $15.2 million, a value that reflects depreciation. The value shown on the balance sheet is called the
A) Historical cost.
B) Mark-to-market value.
C) Depreciated cost.
D) Fair market value.