Misha traded computer equipment used in her business to a computer dealer for some new computer equipment. Misha originally purchased the computer equipment for $14,050, and it had an adjusted basis of $11,190 at the time of the exchange.The computer equipment was worth $21,500 at the time of the exchange. Misha also received a used copier worth $1,905 in the transaction. What is Misha's realized and recognized gain/loss on the exchange?

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The Answer of Misha traded computer equipment used in her business to a computer dealer for some new computer equipment. Misha originally purchased the computer equipment for $14,050, and it had an adjusted basis of $11,190 at the time of the exchange.The computer equipment was worth $21,500 at the time of the exchange. Misha also received a used copier worth $1,905 in the transaction. What is Misha's realized and recognized gain/loss on the exchange?

Misha Traded Computer Equipment Used in Her Business to a Computer