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Please help me to solve number 10! Thank you If there is a like-kind exchange of property between related parties, how long do they have

image text in transcribedPlease help me to solve number 10!
Thank you
If there is a like-kind exchange of property between related parties, how long do they have to wait to dispose of the property received in order to avoid having to recognize any gain on the exchange? a. 6 months b. 1 year c. 2 years d. No waiting period Anderson Rodriguez Ltd uses calendar year as its tax year. It acquires and places into service two depreciable assets during 2016. Asset #1: 7-year property; $950,000 cost placed into service on January 20. Assets #2: 5-year property; $400,000 cost placed into service on August 1 a. What is Rodriguez's depreciation deduction for 2016 and 2017 if it does not elect Sec. 179 and also elects out of bonus depreciation for the assets? b. What is Rodriguez's depreciation deduction for 2016 and 2017 if it elects sec 179 and does not elect out of bonus depreciation for the assets

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