Yes, you are correct. If you used all the original numbers from the original property, then this is accurate. And as noted, you would add an additional asset for any buy up or added cash. It will have the same recovery period but with the current date as if you were adding a capital improvement.
The property received in the like kind exchange carries on as though it was the original property. The is the why you are allowed to defer gain until the final property owned is sold.
@malletshop
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