McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick

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{Research} Longhaul Trucking traded two smaller trucks (each had a 10,000-pound gross weight) for one larger truck (18,000-pound gross weight). Do the trucks qualify as like-kind property to Longhaul ( Hint : because the trucks are tangible personal property they must be the same asset class to be like-kind assets). You should use Rev. Proc. 87-56 to determine the asset classes for the trucks.