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Business, 18.02.2020 16:22 pr47723

Koch traded Machine 1 for Machine 2 when the fair market value of both machines was $54,000. Koch originally purchased Machine 1 for $75,200, and Machine 1's adjusted basis was $40,100 at the time of the exchange. Machine 2's seller purchased it for $64,900 and Machine 2's adjusted basis was $55,100 at the time of the exchange. What is Koch's adjusted basis in machine 2 after the exchange?

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Koch traded Machine 1 for Machine 2 when the fair market value of both machines was $54,000. Koch or...

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