Which of following best demonstrates the application of the cost principle?

Which of following best demonstrates the application of the cost principle?
A . A company reports trading and investment securities at their market cost
B. A building purchased last year for $1 million is currently worth ©1.2 million, but the company still reports the building at $1 million.
C. A building purchased last year for ©1 million is currently worth £1,2 million, and the company adjusts the records to reflect the current value
D. A company reports assets at either historical or fair value, depending which is closer to market value.

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Answer: B