No, I think Mike9241 and I are in agreement. He's saying (I believe) that new basis is $150k less the $50k ('with accumulated depreciation') = $100k. Another way to think of it is in terms of the amount of gain you are deferring.
Your capital gain is the Sales Price of old property - adjusted basis = $150k deferred gain in your case. Purchase price of new property - deferred gain = Adjusted Basis of new property.
For the exchange expenses, follow the prompts in the program to enter. The end result on Form 8824 is that deferred gain is reduced by those expenses.
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