Corporation a Is Selling a Depreciable Asset to Corporation B

Corporation A is selling a depreciable asset to Corporation B. The asset has a fair market value of $200,000. The original cost of the asset was $175,000 and the undepreciated capital cost is $160,000. The two corporations wish to structure the sale in a manner that will defer all taxes at this time. Corporation A has no unused losses.
Which of the following is FALSE?

A) Corporation A will receive shares from Corporation B in the transaction.
B) The sale can include cash or a note receivable to a maximum value of $160,000.
C) For legal purposes, the asset will be sold for $200,000.
D) The elected value for tax purposes will be $175,000.