Question: question 20 VE Koch traded Machine for Machine 2 when the fair market value of both machines was $49.450. Koch originally purchased Machine 1 for

question 20 question 20 VE Koch traded Machine for Machine 2 when the fair

VE Koch traded Machine for Machine 2 when the fair market value of both machines was $49.450. Koch originally purchased Machine 1 for $76,100, and Machine 18 pusted basis was $40,550 at the time of the exchange Machine 2's seller purchased it for $64.450 and Machine 2's adjusted basis was $55,550 at the time of the exchange What Is Koch's adjusted basis in machine 2 after the exchange? Multiple Choice 540.550 $49.450 555,550 $76100 None of the choices are corect

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