Acme Inc and Beamer Company Exchanged Like-Kind Assets

Multiple Choice

Acme Inc. and Beamer Company exchanged like-kind assets. Acme's asset had a $240,000 FMV and $117,300 adjusted tax basis, and Beamer's asset had a $225,000 FMV and a $168,200 adjusted tax basis. Beamer paid $15,000 cash to Acme as part of the exchange. Which of the following statements is true?

A) Acme's realized gain is $122,700 and recognized gain is -0-.
B) Beamer's realized gain is $56,800 and recognized gain is $15,000.
C) Acme's basis in its newly acquired asset is $117,300.
D) Beamer's basis in its newly acquired asset is $168,200.