20. Like-Kind Exchange. (Obj. 4) Which of the following qualify as a like-kind exchange? a. Exchanging an old computer for a new computer (both used in business) b. Exchanging inventory for a computer (used in business) c. Exchanging an old personal auto for a new business auto d. Exchanging office furniture for office equipment (both used in business) 4. Exchanging an automobile for machinery (both used in business)