Question: I need immediate help, please help me with this. thank you. Coronado Inc. and Sandhill Co. have an exchange with no commercial substance. The asset

 I need immediate help, please help me with this. thank you.

I need immediate help, please help me with this. thank you.

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

Coronado Inc. and Sandhill Co. have an exchange with no commercial substance. The asset given up by Coronado Inc' has a book value of $59500 and a fair value of $94500' The asset given up by Sandhill Co. has a book value of $124500 and a fair value of $109500. Boot of $15000 Is received by Sandhiil Go. What amount should Coronado Incl record for the asset received? $124500 ' ' $74509 5109500 ,a $. 94500 Sunland Company is constructing a building , Constru struction began on January I and was completed on December 31 . Expenditures were $6490090 on March 1 , $5250000 on June 1 , and $8850000 on December 31 . Sunland Company borrowed $3210000 on January 1 on a 5 - year , 120 / note to help finance construction of the building . In addition , the tion , the company had outstanding all year a 10 % year , $6406000 note payable and an 110% , 4 - year , $12550900 note payable What is the actual interest for Sunland Company ? $2029500 52437 700 O $946005 O $2405700

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