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On April 15, 2012, Sam Placed in Service a Storage

question 54

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On April 15, 2012, 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. Sam elected not to take additional first-year depreciation. Determine Sam's cost recovery from these two items for 2012.


Definitions:

Active Listening

A communication technique that involves giving free and undivided attention to the speaker, reflecting back what is said, and withholding judgment and advice.

Somatic Sensations

Physical feelings or perceptions originating from the body, such as pain, temperature, or proprioception.

Nonverbal Behavior

Communication without words, including gestures, facial expressions, and body language.

Progressive Muscle Relaxation

A relaxation technique involving the tensing and then relaxing of various muscle groups to reduce stress.

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