On May 5, 2012, Christy purchased and placed in service a hotel. The hotel cost $2.8 million. Calculate Christy's cost recovery for 2012 and for 2022. During March 2012, Sam constructed new agricultural fences on his farm. The cost of the fencing was $80,000. Sam does not elect immediate expensing under rule 179, but an election not to have the uniform capitalization rules apply is in effect. Compute Sam's cost recovery for 2012 assuming that Sam wants to maximize his cost recovery