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0 = 70,000 LO 8.11 20. What is Sarajane's basis in the equipment received in the exchange described in Question 19, assuming her basis in

0 = 70,000 LO 8.11 20. What is Sarajane's basis in the equipment received in the exchange described in Question 19, assuming her basis in the equipment given up was $12,0007 a. $0 b. $12,000 c. $14,000 d. $16,000 e. None of the above L ine His adiusted basis in the

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