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Business, 28.12.2019 07:31 aleilyg2005

Koch traded machine 1 for machine 2. koch originally purchased machine 1 for $75,500 and machine 1's adjusted basis was $40,250 at the time of the exchange. machine 2's seller purchased it for $64,750 and machine 2's adjusted basis was $55,250 at the time of the exchange. what is koch's adjusted basis in machine 2 after the exchange? a. $40,250b. $49,750c. $55,250d. $75,500e. none of the choices are correct

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Koch traded machine 1 for machine 2. koch originally purchased machine 1 for $75,500 and machine 1's...
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