Below is the breakdown of the total cost of each mall store: Amount Cost Category Walls and interior build out Putting green When drafting your memo be sure to address the following: 1. Determine from a tax perspective, if the costs are deductible expenses or capitalized costs. Explain. 2. If capitalized cost, determine the asset classes, cost recovery periods for book and tax. Are they different? Explain. 3. If the leasehold costs are depreciable, determine the first-year depreciation amount for book and tax. Method used. Are the amounts different, why? 4. What is Sec 179 Expensing election? Are the properties eligible?