In each of the following situations, determine if there is any depreciation or general business credit recapture.

a. Joe incorporates his sole proprietorship and subsequently gifts the stock to his two children.

b. Joe and nine others put their businesses in one corporation in return for five to 15 percent of the stock. Joe's share is 8 percent.

c. Joe incorporates his sole proprietorship. Soon thereafter, the corporation sells some of the assets.

d. Same as (c), but the corporation abandons some of the assets.

e. Joe gifts his car, used only for business, to his son, who transfers it to his 100 percent owned corporation.