On September $18,2023,$ Jerry received land and a building from Ted as a gift. Ted had purchased the land and building on March $5,2015,$ and his adjusted basis and the fair market value at the date of the gift were as follows:

Asset Adjusted Basis FMV

Land $$150,000$ $$200,000$

Building $90,000100,000$

Ted paid no gift tax on the transfer to Jerry. Determine Jerrys adjusted basis for calculating any gain on the property.