Frost Enterprises buys a warehouse for $570,000 to use for its East Coast distribution operations. On the date of the purchase, a professional appraisal shows a value of S640,000 for the warehouse. The seller had originally purchased the building for $480,000. Frost has a similar warehouse on the West Coast that has a book value of 5582 000 Under the historical cost principle, Frost should record the building for A. $400,000 B. 5640,000 C. $570,000 D. $582.000