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ASAP please Multiple Choice Question 94 Sunland Inc. and Blossom Co. have an exchange with no commercial substance. The asset given up by Sunland Inc.

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Multiple Choice Question 94 Sunland Inc. and Blossom Co. have an exchange with no commercial substance. The asset given up by Sunland Inc. h up by Blossom Co. has a book value of $118500 and a fair value of $103500. Boot of $15000 is received by Blossom Co. What amount should Sunland Inc. record for the asset received O$118500 $103500 O $8850o O $77000

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