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On April 15,2016,Sam placed in service a storage facility (a single-purpose agricultural structure)costing $80,000.Sam also purchased and planted fruit trees costing $40,000.Sam does not elect to expense any of the acquisitions under § 179,and he elects not to take additional first-year depreciation (if available).Determine Sam's cost recovery from these two items for 2016.
Return on Total Assets
Return on Total Assets (ROTA) is a financial ratio that measures a company's net income relative to its total assets, indicating how efficiently the company is using its assets to generate profit.
Company Information
Pertains to data and facts about a company, including its operations, financial condition, industry sector, and management strategies.
Current Year
The ongoing calendar year or fiscal year in which a company or individual is reporting or analyzing financial information.
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