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

question 47

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

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Definitions:

Positive Symptoms

In the context of mental health, these refer to an excess or distortion of normal functions, such as hallucinations or delusions seen in conditions like schizophrenia.

Catatonia

A behavioral syndrome marked by an inability to move normally, which can include motor immobility, excessive motor activity, extreme negativism, or peculiarities of movement.

Emotional Expression

The outward display or communication of emotions through facial expressions, body language, and voice.

Compulsive Actions

Repetitive behaviors performed according to certain rules or in a stereotyped fashion, often as a response to obsessive thoughts.