For each of the following independent scenarios, determine the upper and lower limit for the elected transfer price. In addition, indicate the tax consequences for the transferor if the minimum elected transfer price is selected (i.e. the floor).

d) Trucks with a FMV of $12,500, capital cost of $50,000 and UCC of $21,500.

e) Land with a FMV of $112,000 and capital cost of $175,000