On July 31, 2018, Coal Inc. exchanged 5,000 shares of Steel corporation $40 par value common stock for a trademark owned by Vega Co. The Steel stock...

On July 31, 2018, Coal Inc. exchanged 5,000 shares of Steel corporation $40 par value common stock for a trademark owned by Vega Co. The Steel stock was acquired in 2013 at a cost of $160,000. At the exchange date, Steel common stock had a fair value of $43 per share and the trademark had a net carrying value of $170,000 on Vega's books. Coal should record the trademark at _______.

• $200,000
• $170,000
• $160,000
• $215,000