LO.5 Determine the realized, recognized, and postponed gain or loss and the new basis for each of the following like-kind exchanges: Adjusted Basis of Old Asset $ 7,000 -0-5 Boot Given Fair Market Value of New Asset Boot Received

a. $12,000 $4,000

b. 14,000 2,000 15,000 -0- C. 3,000 7,000 8,000 500

d. 15,000 -0- 29,000 -0-

e. 10,000 -0- 11,000 1,000

f. 17,000 -0- 14,000 -0-