Tom tanner traded in a printing press with an adjusted, Accounting Basics

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Tom tanner traded in a printing press with an adjusted

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.

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