In two unrelated transaction Laura exchanges property that qualifies for like kind exchange treatment. In the first exchange Laura gives up office equipment purchased in May 2013(adjusted basis of $20000; fair market value of $17000) in exchange for new office equipments (fair market value of $15000) and $15000 cash. In the second exchange Laura receives a parking garage to be used in the business with the fair market value of $50000 in exchange for a pot of land she had held for investment. The land was purchased April 2017 for $12000 and has a current fair market value of $48000. In addition to transferring the land, Laura pays the additional $2000 to the other party. a) What is Lauras adjusted basis for the new office equipment? b) When dos the holding period begin? c) What is Lauras adjusted basis for the parking garage? d) When dos the holding period begin? e) How could Laura structure either of the transactions differently to produce better tax consequences?