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Business, 03.12.2019 00:31 tinasidell1972

Mandy and timothy exchange equipment in a like-kind exchange. mandy receives equipment with a fair market value of $28,000 and transfers equipment worth $20,000 (adjusted basis of $14,000) and cash of $8,000. what is mandy’s realized and recognized gain?

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Mandy and timothy exchange equipment in a like-kind exchange. mandy receives equipment with a fair m...
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