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ConcordInc. andIvanhoeCo. have an exchange with no commercial substance. The asset given up byConcordInc. has a book value of $58000and a fair value of $93000.The

ConcordInc. andIvanhoeCo. have an exchange with no commercial substance. The asset given up byConcordInc. has a book value of $58000and a fair value of $93000.The asset given up byIvanhoeCo. has a book value of $123000and a fair value of $108000. Boot of $28000is received byIvanhoeCo.What amount shouldConcordInc. record for the asset received?$86,000

$108,000

$93,000

$123,000

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