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In a like-kind exchange, receiving liability relief may require recognizing a gain. True False Question 10 (0.5 points) Listen It is possible for an asset's

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In a like-kind exchange, receiving liability relief may require recognizing a gain. True False Question 10 (0.5 points) Listen It is possible for an asset's adjusted basis to be greater than its original basis. True False Question 11 (0.5 points) Listen In a property exchange, receiving an asset that has a liability attached to it decreases its adjusted basis. w True False

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