Nicki. M., an individual, has started up a charter yacht service (called Starships) and a marina in 2014 in Newport Beach, California, in the same city where Nicki resides. Nicki qualifies to use the cash bash for the charter business. Certain expenses and capital expenditures relating to 2014 are listed below. The charter business uses the yachts exclusively at the business establishment, and the yachts are used only in connection with Nicki's charter business, Nicki's principal trade (thus the yachts are not subject to the listed property limitations). The business has a marina building, purchased and placed into service on January 3^rd, 2014, and four yachts (10 year property), bought new and placed into service on: Nicki. M., an individual, has started up a charter yacht service (called Starships) and a marina in 2014 in Newport Beach, California, in the same city where Nicki resides. Nicki qualifies to use the cash bash for the charter business. Certain expenses and capital expenditures relating to 2014 are listed below. The charter business uses the yachts exclusively at the business establishment, and the yachts are used only in connection with Nicki's charter business, Nicki's principal trade (thus the yachts are not subject to the listed property limitations). The business has a marina building, purchased and placed into service on January 3^rd, 2014, and four yachts (10 year property), bought new and placed into service on