Ko Exchanges Computer Equipment (Five-Year Property)with an Adjusted Basis of $9,000

question 56

Multiple Choice

Ko exchanges computer equipment (five-year property) with an adjusted basis of $9,000 for a business auto (five-year property) worth $6,000.Ko also receives cash of $5,000.What are the recognized gain or loss and the basis of the new auto?

• A)$0 and $9,000.
• B)$0 and $6,000.
• C)$2,000 and $11,000.
• D)($3,000)and $12,000.

---

Definitions:

Companionate Love

A form of love characterized by deep affection, friendship, and emotional intimacy, rather than passion.

Passionate Love

An intense emotion characterized by feelings of affection, romance, and desire for a partner, often marked by physiological arousal.

Amygdala

A part of the brain involved in emotion regulation, especially fear and the processing of memories of emotional events.

Somatosensory Cortex

A region of the brain's cerebral cortex involved in processing sensory information from different parts of the body, including touch, temperature, and pain.