Which of the following statements are correct?

(I) For both a gift-leaseback and a sale-leaseback, the lease payments must be realistic.

(II) The seller in a sale-leaseback transaction may have to recognize ordinary income due to the recapture provisions of business property.

(III) The buyer in a sale-leaseback of fully depreciated property may depreciate the newly acquired property.

(IV) The acquirer's basis in a gift-leaseback will be the seller's adjusted basis.