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Prater incorporated enters into an exchange in which it gives up its warehouse on 10 acres of land and receives a tract of land. A

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Prater incorporated enters into an exchange in which it gives up its warehouse on 10 acres of land and receives a tract of land. A summary of the exchange is as follows: What are Prater's realized and recognized gain on the exchange and its basis in the assets it recelved in the exchange

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