Consider the following information relating to the non-monetary exchange of assets.
Fair value of assets given up: $150,000
Fair value of assets acquired: $150,000
Carrying value of assets given up: $65,000
Carrying value of assets acquired: $100,000
Assuming the transaction does not have commercial substance, the acquired asset would be valued at:
A. $120,000
B. $100,000
C. $150,000
D. $65,000