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ABC Co. exchanged equipment with FMV $10,000 and basis of $9,000 for machinery with FMV $10,000 and basis $8,000. What is the recognized business transaction

ABC Co. exchanged equipment with FMV $10,000 and basis of $9,000 for machinery with FMV $10,000 and basis $8,000. What is the recognized business transaction result?

a) 100% Recognized

b) Partially Recognized

c) 100% Deferred

d) 100% Excluded

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