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Independence Corporation needs to replace some of the assets used in its trade or business and is contemplating the following exchanges: Determine whether each exchange

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Independence Corporation needs to replace some of the assets used in its trade or business and is contemplating the following exchanges: Determine whether each exchange qualfies as a like-kind exchange. Lu-Kind Exchange a Asset Olven Up by Independence Office building in Chicago, IL Large warehouse on 2 acres Office building in Green Bay, WI used in the business b Ansat Rocolved by Independence Piece of land in Toronto, Canada Small warehouse on 22 acres Apartment complex in Newport Beach, CA, that will be held as an investment Qualios Qualifies

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