As a condition of leasing a 10-year-old warehouse, Martha was required to make capital improvements to the
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As a condition of leasing a 10-year-old warehouse, Martha was required to make capital improvements to the interior of the building to accommodate the lessee. These improvements cost Martha $300,000. The improvements were completed, and the 10- year lease commenced on October 28, 2014. Martha does not claim any available additional first-year depreciation. Determine Martha’s cost recovery for 2014 with respect to the leasehold improvement.
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South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
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