Question 14 ABC Business trades land with a value of $90,000 and an adjusted basis of $30,000 for land in a different location valued at $45,000. To equalize the ABC $45,000 in cash. What amount of gain will ABC recognize on the like kind exchange? $45,000 gain DA . So gain $15,000 gain C. $60,000 gain D. 3 points Save As th a value of 590.000 and an adjusted basis of $30,000 for land in a different location valued at $45,000. To equalize the value of the property exchanged, the other party also pays amount of gain will ABC recognize on the like kind exchange