Chapter 15 - Question 1 : Please, help me on this question with an explaning for details. Thank you In June 2018, Sue exchanges a sport-utility vehicle (adjusted basis of $139,040; fair market value of $173,800) for cash of $26,070 and a pickup truck (fair market value of $147,730). Both vehicles are for business use. Sue believes that her basis for the truck is $147,730. Is Sue correct? Why or why not?

Is Sue correct?___. She must treat the transaction as___________. Therefore the basis of the new property is $______ and Sue has a gain recognized gain of $____.