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

OrioleInc. andSandhillCo. have an exchange with no commercial substance. The asset given up byOrioleInc. has a book value of $56000and a fair value of $91000. The asset given up bySandhillCo. has a book value of $121000and a fair value of $106000. Boot of $15000is received bySandhillCo.

What amount shouldOrioleInc. record for the asset received?

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