Father gifted son a rental property, what basis would the son report on schedule E.

Let say property was purchased in 1994 for $67,000(land value already taken)
Total depreciation taken _ 16,000
Adjusted basis $51,000

Would the son use adjusted basis of $51,000?

Current fair market value of this property is $350,000.

How is the recapture depreciation of $16,000 reported on the father's tax return.

Is the father filing 709 to report the gift?