Question: On December 3 1 , 2 0 2 2 , Wuycik engaged in another exchange of buildings, this one with ZZZ Co . The following

On December 31,2022, Wuycik engaged in another exchange of buildings, this one with ZZZ Co. The following information pertains to the building each company owned immediately before the exchange:
Wuycik Co. ZZZ Co.
Building cost $198,000 $283,000
Accumulated depreciation 52,250126,845
Fair value 226,400193,572
In addition, Wuycik received $32,828 cash from ZZZ. Assume this exchange of buildings lacks commercial substance.

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