In a like-kind exchange, Tucker gave up his fully depreciated rental condominium (FMV $90,000, adjusted basis $80,000) and $10,000 for an office building (FMV $100,000). What is the gain realized and recognized on the exchange? ______ realized gain; _____ recognized gain. Elaine was required to grant an easement on her property so the local public utility could install and maintain water and sewer lines. Just prior to the condemnation, the property had an adjusted basis of $20,000. Elaine received $35,000 in compensation for the easement. What is Elaine's recognized gain from the condemnation?