why and reason?? ty!

55. Mel & Judy, LLC transferred an old asset with a $53,100 adjusted tax basis plus $5,000 cash in exchange for a new asset worth $75,000. Which ofthe following statements is false? A. The old asset's FMV is $70,000. B. If the exchange is nontaxable, Mel & Judy's recognized gain is $5,000. C. If the exchange is nontaxable, Mel & Judy's tax basis in the new asset is $58,100. D. If the exchange is nontaxable, Mel & Judy identified the new asset within 45 days of selling the old asset. E. The FMV of the new asset is $75,000