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Ava exchanges a machaine used in her business with Gailfor another machine. The basis of Ava's old machine is $50000, the fmv $66000 and she
Ava exchanges a machaine used in her business with Gailfor another machine. The basis of Ava's old machine is $50000, the fmv $66000 and she gives gail cash of $14000 Gails basis in her machine is $70000 and the FMV IS $80000. what is Ava's adjusted basis in the new machine she receives.? Choose one?
a. $66000
b. $50000
c. $80000
d. $64000
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