5. (7 POINTS) Shiny Moon Moonshiners, Inc. has a distiller (equipment) that is 10 years old. Under new GAAP pronouncements Shiny needs to determine and record the fair value of the distiller. The distiller is located in the Mississippi delta and its principle market is in West Virginia. It will cost $5,000 to transport it to West Virginia and $10,000 in commissions to sell it. The distiller needs to be reconditioned before sale at a cost of S50,000. Its exit price in West Virginia is S125,000 (after reconditioning and based on comparable sales of virtually identical distillers in West Virginia). The fair value of this asset to be recorded in Shiny's financial statements is A) S75,000. B) $70,000. C) $60,000. D) Another amount