Business, 13.08.2019 02:20, IDONTHAVEABRAIN

Arlington llc exchanged land used in its business for some new land. arlington originally purchased the land for $28,000. the new land had a fair market value of $35,000. arlington also received $2,000 of office equipment in the transaction. what is arlington's gain or loss recognized on the exchange?

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Arlington llc exchanged land used in its business for some new land. arlington originally purchased...