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XYZ exchanged an old building for a new like-kind building.XYZ??s adjusted basis in the old building was $13,000 ($30,000initial cost ? $17,000 accumulated depreciation), and
XYZ exchanged an old building for a new like-kind building.XYZâ??s adjusted basis in the old building was $13,000 ($30,000initial cost ? $17,000 accumulated depreciation), and its FMV was$20,000. 4 answers
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