Partially taxable. Taxable. Not eligible for like-kind treatment Mark for follow up Question 14 of 15. Mila exchanged the following business assets. Which situation exemplifies a fully nontaxable ex An improved lot traded to lva for a rental house. Mila paid the $2,000 selling expense. An unimproved lot in South Carolina traded for Terrell's unimproved lot in Canada. A delivery van traded with Nina for a refrigerator unit. A commercial sewing machine and $5,000 traded with Jaclyn for another commercial sewing mach Mark for follow up 9 Dusiness assets. WHICS A delivery van traded with Nina for a refrigerator unit. Mark for follow up Question 15 of 15. In an exchange, Edward gave up his fully depreciated business-use office condominium (FMV $75,000) and office building (FMV $80,000). What is the gain realized and recognized on the exchange? $80,000 realized gain; $0 recognized gain. $0 realized gain; $80,000 recognized gain. $75,000 realized gain; $5,000 recognized gain. O $5,000 realized gain; $75,000 recognized gain. O Mark for follow up