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Mario transferred a building with an adjusted basis of $140,000 for a similar building with...

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Accounting

Mario transferred a building with an adjusted basis of $140,000 for a similar building with a fair market value of $100,000 and cash of $60,000. The exchange qualified as a like-kind exchange. The realized gain on the exchange was $
. The recognized gain on the exchange was $
. Mario's adjusted basis in the building received is $

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