What would the difference be if Timmons was a private company subject to ASPE? Discuss only, do not prepare journal entries for this part

The Timmons Corporation, a publicly accountable entity, exchanged an office building for a strip mall with an unrelated organization. Data on the two properties are as follows: Original Cost Accumulated depreciation Fair value Office Building $1,600,000 1,100,000 900,000 Strip Mall $1,300,000 750,000 850,000