10) In a transaction for the sale of a commercial office building (1231/1250) at an amount in excess of the original purchase price, any previous taken straight-line depreciation is: a. Recaptured as ordinary income b. Treated as capital gain under regular capital gain rules c. Ignored for the calculation of capital gains d. Treated as unrecaptured Section 1250 gain and taxed at 25% 11) Five years ago, Paul purchased stump grinder for his treetrimming business that cost $200,000. Since the purchase he has taken $60,000 in straight line depreciation. If he sells the grinder for $157,000, what are his tax consequences? a. Paul has $17,000 LTCG b. Paul has $17,000 of depreciation recapture taxed as ordinary income c. Paul has LTCL of $43,000 d. Paul has no tax consequences