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What is Koch adjusted basis in machine

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Question - Koch traded Machine 1 for Machine 2 when the fair market value of both machines was $54,000. Koch originally purchased Machine 1 for $75,200, and Machine 1's adjusted basis was $40,100 at the time of the exchange. Machine 2's seller purchased it for $64,900 and Machine 2's adjusted basis was $55,100 at the time of the exchange. What is Koch's adjusted basis in machine 2 after the exchange?

a. $40,100.

b. $54,000.

c. $55,100.

d. $75,200.

e. None of the above

Reference no: EM132569728

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