What is deferred gain option eight where there is a like kind exchange the gain...

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Accounting

What is deferred gain option eight where there is a like kind exchange the gain is added to the original basis of the new asset option B when there is a light exchange gain is recognized over the life of the Asset replaced option C when there is a light exchange the gain is recognized in the year of the exchange and option D when there is a light kind exchange again is subtracted from the original basis of the new asset

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