Question: Sox time remaining (40 minutes) 31:59 Hide Timer Question 20 View Policies Current Attempt in Progress Sunland Inc. and Wildhorse Co have an exchange with

Sox time remaining (40 minutes) 31:59 Hide Timer Question 20 View Policies Current Attempt in Progress Sunland Inc. and Wildhorse Co have an exchange with no commercial substance. The asset given up by Sunland Inc. has a book value of 60000 and a fair value of $95000. The asset given up by Wildhorse Co. has a book value of $125000 and a fair value of $110000, Boot of $30000 is received by Wildhorse Co. What amount should Wildhorse Co. record for the asset received? 590000 $95000 $110000 $125000 Attempts:0 of 1 used Sunt Awer Save for later MacBook Air

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