Current Attempt in Progress Concord Inc. and Ivanhoe Co. have an exchange with no commercial substance. The asset given up by Concord Inc. has a book value of $58000 and a fair value of $93000. The asset given up by Ivanhoe Co. has a book value of $123000 and a fair value of $108000. Boot of $15000 is received by Ivanhoe Co. What amount should Ivanhoe Co. record for the asset received? $108000 $123000 O $73000 $93000 eTextbook and Media Save for Later Attempts: 0 of 2 used Submit