Below is information relative to an exchange of similar assets by Grand Forks Corp. Assume the exchange has commercial substance. 15 Cash old Equipment Book Value Fair Value $49, 100 $60,400 $39,500 $34,500 Paid $15,200 $ 8,800 Case A Case B 2.34 points X 01:55:23 In Case A, Grand Forks would record the new equipment at: eBook Print Multiple Choice $60,400 $64,300. O $49,100