Luce Company exchanged investment land for a building to be used in its business. Luce's gain on the exchange was nontaxable (because the assets were like-kind) but was included in financial statement income. Which of the following statements is false? Luce's tax basis in the building received equals its tax basis in the land surrendered Luces future depreciation deductions with respect to its tax basis in the building will be different from future depreciation expense for financial statement purposes. Luce's book basis in the building received is the building's cost (FMV None of the statements is false