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Required information Problem 11-60 (LO 11-6) (Static) [The following information applies to the questions displayed below.] Metro Corporation traded Building A for Building B. Metro originally purchased Building A for $50,000, and Building A's adjusted basis was $25,000 at the time of the exchange. What is Metro's realized gain or loss, recognized gain or loss, and adjusted basis in Building B in each of the following alternative scenarios? Note: Loss amounts should be indicated by a minus sign. Input all other amounts as positive values. Leave no answer blank. Enter zero is applicable. roblem 11-60 Part-a (Static) . The fair market value of Building A and of Building B is $40,000 at the time of the exchange. The exchange does not qualify as a ke-kind exchange. Required information Problem 11-60 (LO 11-6) (Static) [The following information applies to the questions displayed below.] Metro Corporation traded Building A for Building B. Metro originally purchased Building A for $50,000, and Building A's adjusted basis was $25,000 at the time of the exchange. What is Metro's realized gain or loss, recognized gain or loss, and adjusted basis in Building B in each of the following alternative scenarios? Note: Loss amounts should be indicated by a minus sign. Input all other amounts as positive values. Leave no answer blank. Enter zero is applicable. Problem 11-60 Part-b (Static) b. The fair market value of Building A and of Building B is $40,000. The exchange qualifies as a like-kind exchange. Required information Problem 11-60 (LO 11-6) (Static) [The following information applies to the questions displayed below.] Metro Corporation traded Building A for Building B. Metro originally purchased Building A for $50,000, and Building A's adjusted basis was $25,000 at the time of the exchange. What is Metro's realized gain or loss, recognized gain or loss, and adjusted basis in Building B in each of the following alternative scenarios? Note: Loss amounts should be indicated by a minus sign. Input all other amounts as positive values. Leave no answer blank. Enter zero is applicable. roblem 11-60 Part-c (Static) The fair market value of Building A is $35,000, and Building B is valued at $40,000. Metro exchanges Building A and $5,000 cash puilding B. Building A and Building B are like-kind property. Required information Problem 11-60 (LO 11-6) (Static) [The following information applies to the questions displayed below.] Metro Corporation traded Building A for Building B. Metro originally purchased Building A for $50,000, and Building A's adjusted basis was $25,000 at the time of the exchange. What is Metro's realized gain or loss, recognized gain or loss, and adjusted basis in Building B in each of the following alternative scenarios? Note: Loss amounts should be indicated by a minus sign. Input all other amounts as positive values. Leave no answer blank. Enter zero is applicable. Problem 11-60 Part-d (Static) . The fair market value of Building A is $45,000, and Metro trades Building A for Building B valued at $40,000 and $5,000 cash. iuilding A and Building B are like-kind property

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