Jim owns a landscape painting. He bought it five years ago for $5,000 and it is currently worth $50,000. Sandy owns Greenacre. She purchased the undeveloped land 10 years ago for $30,000 and it is currently worth $50,000. Jim and Sandy agree to exchange properties, with Jim getting Greenacre and Sandy getting the landscape painting. Since both are giving up property worth $50,000 and getting property worth $50,000 they believe neither has an accession to wealth he or she must report. Are they correct