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Mr a received like kind equipment worth 650000 plus

Question - In a like kind exchange, Mr. A transferred equipment worth $820,000 (Mr. A's adjusted basis was $475,000). In exchange for his equipment, Mr. A received like kind equipment worth $650,000 plus additional cash boot. How much gain or loss did Mr. A REALIZE on this exchange?

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Accounting Basics: Mr a received like kind equipment worth 650000 plus

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Accounting Basics: Mr a received like kind equipment worth 650000 plus

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