d. $10,100 e. None of the above QUESTION 19 Which one of the following qualifies as a like-kind exchange? a. Land used in business traded in for a different parcel of land also for business use. O b. An auto used by a business that was traded in for a new model c. None of the above are like-kind property d. IBM stock exchanged for Exxon stock Oe. A home owned and lived in by a taxpayer exchanged for a new personal residence. QUESTION 20 ABC Corp bought a production machine on January 1, 2017 for $31,250. The company did not elect Section 179 expensing and elected out of claiming bonus depreciation in 2017, and is depreciating the machine using the MACRS accelerated depreciation tables for 5-year property. What is the 2019 depreciation (Year 3) deduction for the machine? O a $10,000 O b. $12,500 O c $6,000 Od None of the above is correct O . $6,250