Georgia Inc. and Harvard Co. have an exchange with no commercial substance. The asset given up by Georgia Inc. has a book value of $36,000 and a fair value of $45,000. The asset given up by Harvard Co. has a book value of $60,000 and a fair value of $57,000. Boot of $12,000 is received by Harvard Co. What amount should Georgia Inc. record for the asset received? O $45,000 $57,000 $50,000 $48,000 AR TEMERLO SUNTE ITE MENTEN 150.0008.06 2007-1000698