Grant exchanges an old pizza oven from his business for a new oven. In addition to the old oven, which had a basis of $10,000, Grant pays $4,000 cash and takes out a loan on the new oven for $6,000. The new oven is valued at $22,000. What is Grant's basis in the new oven?

	a.	$12,000
	b.	$16,000
	c.	$20,000
	d.	$22,000
	e.	$32,000

Grant exchanges an old pizza oven from his business for a new oven. In addition to the old oven, which had a basis of $10,000, Grant pays $10,000. The new oven is valued at $22,000. What is Grants basis in the new oven?

A : $12,000

B : $16,000

C : $20,000

D : $22,000

E : $32,000

For 2016 test bank, the answer is C, but for 2019 test bank , the answer is D. When I read the textbook, D does not seem right... Which is really correct? Please explain! Thank you.