Martha does take additional first-year depreciation


As a condition of leasing a 10-year old warehouse, Martha had 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, 2015. Martha does take additional first-year depreciation. Determine Martha's cost recovery for 2015 with respect to the leasehold improvement.

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Accounting Basics: Martha does take additional first-year depreciation
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