登录之后可查看解析

C is corrent.  The requirement is to determine Berger’s recognized gain and basis for the investment real estate acquired in a like-kind exchange. In a like-kind exchange of property held for investment, a realized gain ($17,000 in this case) will be recognized only to the extent of unlike property (i.e., boot) received. Here the unlike property consists of the $7,000 cash and $5,000 FMV of the motorcycle received, resulting in the recognition of $12,000 of gain. The basis of the acquired like-kind property reflects the deferred gain resulting from the like-kind exchange, and is equal to the basis of the property transferred ($30,000), increased by the amount of gain recognized ($12,000), and decreased by the amount of boot received ($7,000 + $5,000), or $30,000.
A is incorrect.  The boot received includes the motorcycle.
B is incorrect.  The boot received includes the motorcycle.  
D is incorrect.  Basis must reflect the deferred gain from the like-kind exchange.