Discussion Question 17-18 (LO. 6) Complete the following statements regarding the special recapture provisions. a. Corporations selling depreciable real property are required to recapture as ordinary income the of two amounts: (1) X% of the recognized gain or (2) X% of the depreciation taken. recognized is ordinary income. c. Intangible drilling and development costs are subject to recapture when the property is disposed of. Feedback Check My Work Sections 1245 and 1250 apply notwithstanding any other provisions in the Code. That is, the recaptere reverions other Sections. Taxpayers may elect to either expense or capitalize intangible drilling and development costs for oil, gas, or geothermal properies