Fair Market Value of New Asset Boot Given Boot Received a. $0 $9,000 Adjusted Basis of Old Asset $25,000 9,000 72,000 13,000 $30,000 6,000 b. 1,000 0 C. 18,000 8,000 55,000 19,000 d. 0 0 e. 45,000 0 57,000 12,000 f. 120,000 0 95,000 0 to Adjusted Basis of Old Asset Gain/Loss Realized Recognized Postponed New Basis a. $25,000 b. $9,000 c. $72,000 d. $13,000 e. $45,000 17 f. $120,000