assume the same facts as in problem 2 55

Eric purchased the land (a capital asset) five years ago for $200,000. Florence purchased the equipment three years ago for $48,000. The equipment has been fully depreciated.
a. Under what circumstances is the tax result in Problem 2-55 beneficial, and for which shareholders? Are the shareholders likely to be pleased with the result?
b. If the shareholders decide that meeting the Sec. 351 requirements would generate a greater tax benefit, how might they proceed?