Physics homework help. Which of the following statements are correct?(I) For both a gift-leaseback and a sale-leaseback, the lease payments must be realistic.(II) The seller in a sale-leaseback transaction may have to recognize ordinary income due to the recapture provisions of business property.(III) The buyer in a sale-leaseback of fully depreciated property may depreciate the newly acquired property.(IV) The acquirer’s basis in a gift-leaseback will be the seller’s adjusted basis.
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