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Equipment & Vehicles 

Any property used in a trade or business, such as construction equipment, transportation assets such as planes, trains, trucks, buses and automobiles may be exchanged.

Tangible personal property can only be exchanged for other personal property within the "General Asset Class" or within the same "Product Class" as of the date of the exchange. A single property may not be classified within more than one General Asset Class or within more than one Product Class. Furthermore, property within any General Asset Class may not be classified within a Product Class. The IRS provides 13 General Asset Classes in Rev. Proc. 87-56. And (here). 

Tangible personal property is typically exchanged one of four ways:

1. A single sale and purchase, whether it involves one single piece of equipment or many of the same
    kind, such as 10 over the road tractors (trucks).

2. Repetitive or continuous stream of sales and purchases over a period of time of the same type of
    property, such as the disposal of 100 trucks and purchases of replacement trucks over the course
    of a year.

3. Where a client has repetitive or continuous stream of sales and purchases over a period of time of
    the same type of property, the exchange may qualify for a LKE exchange . See CMAES software . 

4. A multi-asset sale and purchase, including various types of assets combined together, such as an
    operating division or a group of assets.

When a multi-asset exchange is used, the assets must be separated into separate exchange groups and the debt on the relinquished property must be allocated across the exchange groups.