Rich Corp. exchanges one of its used assets and some cash for another companys used asset. The exchange has commercial substance and has the following details: Item Amount Book value of asset given up $724,000 Fair value of asset given up $814,000 Cash given $152,000 Book value of asset received $700,000 What amount should Rich Corp. record for the asset received? $814,000 $876,000 $966,000 $700,000