MyWay t/d/1-yihKhsjqDwVBzfcEaSusykakllviWpXMOBIE3crxgw/edit > bols Add-ons Help Last edit was 2 minutes ago et Arial BI VA GD + 1 2. 4 5 1 . LO 9-1,9-2 1. Company Z exchanged an asset (FMV $16,000) for a new asset (FMV $16,000). Company Z's tax basis in the old asset was $9,300. a. Compute Company Z's realized gain, recognized gain, and tax basis in the new asset assuming the exchange was a taxable transaction. b. Compute Company Z's realized gain, recognized gain, and tax basis in the new asset assuming the exchange was a nontaxable transaction. c. Six months after the exchange, Company Z sold the new asset for $16,850 cash. How much gain does Company Z recognize if the exchange was taxable? How much gain if the exchange was nontaxable