Laura transfers her personal use automobile to her business. The car's adjusted basis is $20,000 and the fair market value is $15,000. Determine the adjusted basis of the car to Laura's sole proprietorship including the basis for cost recovery. Gain Basis: Loss Basis: Depreciation Basis: blem # 10 (5 points) For the following exchanges, indicate which qualify as like-kind property. # a. Inventory of a sporting goods store for inventory of an appliance store. b. Inventory of a ladies dress shop in Cleveland for inventory of a ladies dress shop in Richmond. C. Investment land in Virginia Beach for office building in Williamsburg. d. Used automobile used in a business for a new automobile to be used in the business. e. Investment land in Paris for investment land in San Francisco