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e None of the above. In 2017, Maude exchanges a productive use machine 2 for anothere productive use machine. The adjusted the old machine is

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e None of the above. In 2017, Maude exchanges a productive use machine 2 for anothere productive use machine. The adjusted the old machine is $45,000 and the fair market value of the new machine is $60,000. What is the recog loss and the basis of the new machine? basis of nized gain or a $0 and $0 b $0 and $45, 000. c $0 and $60,000 d $15,000 and $60,000 e None of the above. 3. adiusted hasis of $480.000, for investment land which has Taxpayer exchanges a rental building, which has an

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