The Givner Apartments is recently sold for $12.5MM gross sales price. Assume the following: accumulated depreciation on the property is $2.3MM the current Adjusted Cost Base is $9.8MM 25% tax rate on accumulated depreciation 15% tax rate on capital gain. 5% selling cost. What is the tax on recapture of the cumulative depreciation? 1 Question 23 The Givner Apartments is recently sold for $12.5MM gross sales price. Assume the following: accumulated depreciation on the property is $1.2MM the current Adjusted. Cost Base is $9.8MM 25% tax rate on accumulated depreciation 15% tax rate on capital gain. 5% selling cost. What is the capital gain tax on property appreciation