Assume that the facts provided above with respect to the Jinxtor joint venture remain unchanged except that John receives $200,000 in return for investing its plant and equipment. What would be the recognizable gain on January 1, 2016 arising from John's investment in Jinxtor?
A) $75,000
B) $157,500
C) $232,500
D)$300,000

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The Answer of Assume that the facts provided above with respect to the Jinxtor joint venture remain unchanged except that John receives $200,000 in return for investing its plant and equipment. What would be the recognizable gain on January 1, 2016 arising from John's investment in Jinxtor?
A) $75,000
B) $157,500
C) $232,500
D)$300,000

Assume That the Facts Provided Above with Respect to the Jinxtor