1 Below is information relative to an exchange of similar assets by Grand Forks Corp. Assume the exchange has commercial substance. Case A Case B Old Equipment Book Value Fair Value $49,300 $59, 100 $39,600 $35,000 Cash Paid $15,000 $ 8,300 005738 In Case A Grand Forks would record the new equipment at Multiple Choice 559100 $49.300 574300 S04.100