LO.6 During the month of March 2010, Sam constructed agricultural fences on his farm. The cost of

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LO.6 During the month of March 2010, Sam constructed agricultural fences on his farm.

The cost of the fencing was $70,000. Sam does not elect immediate expensing under

§ 179, but an election to not have the uniform capitalization rules apply is in effect.

Compute Sam’s cost recovery for 2010.

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