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Determine the realized recognized and postponed gain or

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Determine the realized, recognized, and postponed gain or loss and the new basis for each of the following like-kind exchanges:
Adjusted Basis Boot Given Fair Market Value Boot Of Old Machine of New Asset Received

  • 7,000 0 12,000 4,000
  • 3,000 7,000 8,000 500
  • 10,000 0 11,000 1,000

Reference no: EM13599892

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