Time left 0:56:08 Nepro Company traded machinery with a book value of 280,000 and a fair value of 300,000. It received in exchange from Mikey Company a machine with a fair value of 270,000 and cash of 30,000. Mikey machine has a book value of 285,000. What amount of gain should Nepro recognize on the exchange? O a. 20,000 b. 0- OC. 30,000 d. 10,000 Paused 4 Course dashboard Time left 0:49:03 Nelson Corporation. purchased land as a factory site for 600,000. Nelson paid 60,000 to tear down two buildings on the land. Salvage was sold for 5,400. Legal fees of 3,480 were paid for title investigation and making the purchase. Architect's fees were 31,200. Title insurance cost 2,400, and liability insurance during construction cost 2,600. Excavation cost 10,440. The contractor was paid 2,200,000. An assessment made by the city for pavement was 6,400. Interest costs during construction were 170,000. The cost of the building that should be recorded by Nelson corporation is O a. 2,413,200 O b. 2,404,840 O c. 2,403,800 O d. 2,414,240 0 ENG TADPM 1/25/2021