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33. LO.5 Determine the realized, recognized, and postponed gain or loss and the new basis for each of the following like-kind exchanges: Adjusted Basis of
33. LO.5 Determine the realized, recognized, and postponed gain or loss and the new basis for each of the following like-kind exchanges: Adjusted Basis of Old Asset Boot Given Fair Market Value of New Asset Boot Received $4,000 a. b. $ 7,000 14,000 $ -O- 2,000 $12,000 15,000
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