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oncordInc. andIvanhoeCo. have an exchange with no commercial substance. The asset given up byConcordInc. has a book value of $58000and a fair value of $93000.

oncordInc. andIvanhoeCo. have an exchange with no commercial substance. The asset given up byConcordInc. has a book value of $58000and a fair value of $93000. The asset given up byIvanhoeCo. has a book value of $123000and a fair value of $108000. Boot of $28000is received byIvanhoeCo.

What amount shouldConcordInc. record for the asset received?

$86000

$108000

$93000

$123000

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