George purchased a rental house (House A") in 2002 for $250,000. While George owned the house, George took depreciation deductions totaling $50,000 (assume this is the proper amount). George also made $100,000 worth of capital improvements to the house. In 2019, the rental house is worth $700,000. George wants to dispose of the rental house and obtain a new rental house ("House B"), also worth $700,000, but George does not want to pay tax on any gains. What would George's recognized gain or loss be if George exchanged House A for House B in a like-kind exchange? What would George's basis in House B be if George exchanged House A for House B in a like-kind exchange?