Discussion Question 9-3 (LO.5) Randall operates his distribution business in several countries. He wants to move some equipment to a new corporation with an office in South Africa. This transfer would include assets (currently located in the U.S.) with a large acquisition price and accumulated MACRS depreciation. If sold, the assets to be transferred would generate a $1,000,000 realized gain. Advise Randall on the tax effects of his proposed asset transfer by completing the statement below. If a U.S. taxpayer transfers assets outside the United States, realized gains (1. are fully recognized partially recognized) on an asset-by-asset basis (2. with an / with no) offset for losses on other assets