2.05.4 Like-Kind Exchange (6)

Question 問題、
Mike and Joe are equal partners in the Dandy Partnership. On January 1, 2018, the partnership, in a like-kind exchange, exchanged a building (adjusted basis $150,000) used for business for another building (adjusted basis $150,000) used for business. The new building had a mortgage of $25,000, which Dandy assumed, and unpaid real estate taxes of $2,600, which Dandy paid but was not reimbursed. What is the adjusted basis of the new building and what is the amount of depreciation assuming a 20-year life under the straight-line method?

A. Adjusted Basis $150,000; Depreciation $7,500

B. Adjusted Basis $152,600; Depreciation $7,630

C. Adjusted Basis $175,000; Depreciation $8,750

D. Adjusted Basis $177,600; Depreciation $8,880

The corrected answer is 正解は、[D. Adjusted Basis $177,600, Depreciation $8,880]
同種資産の交換において交換差金 (boot) を渡したケースに該当するので損益は認識しない。
新資産のbasis $177,600 = 旧資産 $150,000 + 引き受けた負債 $25,000 + 固定資産税 $2,600
減価償却費 $8,880 = Basis $177,600 / 20年定額法