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1. Answer questions on the following like-kind exchanges (fill out the blanks) Adjusted basis of old asset Boot given FMV of new asset Boot received
1. Answer questions on the following like-kind exchanges (fill out the blanks)
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| Adjusted basis of old asset | Boot given
| FMV of new asset | Boot received | Realized Gain/(loss) | Recognized gain | Postponed Gain/(loss) | New basis of received property |
| a. | 17000 | 0 | 14000 | 0 |
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| b. | 15000 | 0 | 29000 | 0 |
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| c. | 4000 | 6000 | 8000 | 500 |
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| d. | 16000 | 0 | 28000 | 0 |
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| e. | 7000 | 0 | 12000 | 4000 |
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