Question: Problem 13-74 (LO. 6) Stephanie owns a machine (adjusted basis of $90,000; fair market value of $125,000) that she uses in her business. She exchanges

Problem 13-74 (LO. 6) Stephanie owns a machine (adjusted basis of

Problem 13-74 (LO. 6) Stephanie owns a machine (adjusted basis of $90,000; fair market value of $125,000) that she uses in her business. She exchanges it for another machine (worth $100,000) and stock (worth $25,000) a. Stephanie's realized gain is o X and recognized gain is Feedback b. The basis of the new machine is Feedback

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