7. ABC Company purchased land for $100,000, a building for $180,000 and patent for $50,000. After exactly 3 years, it transferred these assets to a newly created subsidiary, XYZ Company, in exchange for 15,000 shares of XYZ's $10 par value stock. ABC uses straight-line depreciation. Useful life for the building and patent are 20 years and 10 years respectively, with zero residual value. An appraisal revealed that the building and patent has a fair value of $200,000 and 60,000 respectively, Based on the information provided, at the time of the transfer, XYZ Company record assets at: OA. Patent at $35,000 and Building at $153,000 OB. Patent at 60,000 and accumulated depreciation of $15,000. c. Building at $170,000 and Patent at 42,000. OD. Building at $180,000 and accumulated depreciation of $30,000