Southern Company owns a building that it leases to others. The buildings fair value is $2,100,000 and its book value is $1,360,000 (original cost of $2,700,000 less accumulated depreciation of $1,340,000). Southern exchanges this for a building owned by the Eastern Company. The buildings book value on Easterns books is $1,510,000 (original cost of $2,300,000 less accumulated depreciation of $790,000). Eastern also gives Southern $210,000 to complete the exchange. The exchange has commercial substance for both companies.