What is tom recognized gain

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Reference no: EM132080234

Question: Tom Tanner Traded in a printing Press with an adjusted basis of $13,000 and a FMV of $25,000 for a smaller press valued at $12,000. In addition to the smaller press, Tom received $13,000 in Cash. What is Tom's Recognized Gain? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132080234

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