Mandy and timothy exchange equipment in a like-kind exchange. mandy receives equipment with a fair market value of $28,000 and transfers equipment worth $20,000 (adjusted basis of $14,000) and cash of $8,000. what is mandy’s realized and recognized gain?

Realized gain of Mandy will be $6000

Explanation:

We have given Mandy receives equipment with a fair market value of $28000

Adjusted basis = $14000+$8000 = $22000

We have to find the Mandy realized gain

So Mandy realized gain is given by

Realized gain = market value - adjusted basis = $28000 - $22000 = $6000

So the realized gain of Mandy will be $6000

b is your answer toy your queston

explanation:

answer; i believe the correct answer is (75 years);