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NEW QUESTION: 1
Which statement about RADIUS configuration distribution using Cisco Fabric Services on a Cisco Nexus 7000 Series Switch is true?
A. Enabling Cisco Fabric Services causes the existing RADIUS configuration on your Cisco NXOS device to be immediately distributed.
B. When the RADIUS configuration is being simultaneously changed on more than one device in a Cisco Fabric Services region, the most recent changes will take precedence.
C. Only the Cisco NX-OS device with the lowest IP address in the Cisco Fabric Services region can lock the RADIUS configuration.
D. Cisco Fabric Services does not distribute the RADIUS server group configuration or server and global keys.
Answer: D

NEW QUESTION: 2
Leker exchanged a van that was used exclusively for business and had an adjusted tax basis of
$20,000 for a new van. The new van had a fair market value of $10,000, and Leker also received
$3,000 in cash. What was Leker's tax basis in the acquired van?
A. $20,000
B. $17,000
C. $7,000
D. $13,000
Answer: B
Explanation:
Explanation
Choice "b" is correct. $17,000 is the tax basis in the van.
The basis for like-kind exchanges is computed as follows:

The general rule is the gain is recognized to the extent boot is received. As the transaction results in a loss to Leker (he received an asset worth $10,000 plus $3,000 cash less a $20,000 tax basis equals
$7,000 loss) no gain is recognized and the $3,000 received reduces his basis in the new asset.
Choice "a" is incorrect. Basis must be reduced by non-like-kind assets (boot) received.
Choice "c" is incorrect. For non-like-kind exchanges, the basis would be the FMV of the assets received ($10,000 FMV plus $3,000 Boot). However, because both assets have similar use, this is a like-kind exchange, which follows the rule above.
Choice "d" is incorrect. The basis of the old property is used to calculate the basis of the new property, less any boot received.

NEW QUESTION: 3

A. SAN
B. LAN
C. VLAN
D. WAN
Answer: D