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

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{Research} {Planning} Twinbrook Corporation needed to upgrade to a larger manufacturing facility.Twinbrook first acquired a new manufacturing facility for $2,100,000 cash, and then transferred the facility it was using (building and land) to White Flint Corporation for $2,000,000 three months later.Does the exchange qualify for like-kind exchange treatment ( Hint : examine Revenue Procedures 2000-37 and 2004-51)? If not, can you propose a change in the transaction that will allow it to qualify?