Sue exchanges a sport-utility vehicle (adjusted basis of $42,720; fair market value of $53,400) for cash of $8,010 and a pickup truck (fair market value of $45,390). Both vehicles are for business use. Sue believes that her basis for the truck is $45,390. In calculating her basis, what has Sue failed to consider?

Sue failed to correctly apply the 1031 rule regarding (asset class/ basis/ boot/ related parties). Sue's basis for the truck is $????? and she has a recognized gain of $????? on the exchange.