Problem $3-61($LO $3-6)($Algo$)$

Prater Incorporated enters into an exchange in which it gives up its warehouse on $10$ acres of land and summary of the exchange is as follows:

$\backslash$table$[[$Transferred$,,,$FMV$,,\backslash$table$[[$riginal$],[$Basis$]],\backslash$table$[[>$ Accumulated$],[$Depreciation$]]],[$Warehouse$,,$$$,492,500,$$$,235,000,$$$71,000$