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Marigold Inc. and Ivanhoe Co. have an exchange with no commercial substance. The asset given up by Marigold Inc. has a book value of $51000

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Marigold Inc. and Ivanhoe Co. have an exchange with no commercial substance. The asset given up by Marigold Inc. has a book value of $51000 and a fair value of $86000. The asset given up by Ivanhoe Co. has a book value of $116000 and a fair value of $101000. Boot of $15000 is received by Ivanhoe Co. What amount should Ivanhoe Co. record for the asset received? O $66000 O $116000 O $86000 O $101000

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