Required information Determine the amount of any depreciation recapture (DR), capital gain (CG), or capital loss (CL) generated by each event described below. Use the result to determine the income tax effect, if Te=29.5%. strip of land zoned as Commercial A purchased 8 years ago for $3 mililon was just sold at a 11% profit. le amount of capital gain (CG) generated is $ e amount of taxes generated is $