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On February 15,2011,Martin signed a 20-year lease on a commercial building.In March 2011,Martin purchased and placed in service seven-year class assets costing $400,000.In June 2011,Martin paid $200,000 for qualified leasehold real property improvements.Martin desires to take the maximum cost recovery deduction with respect to the assets in 2011.Assuming taxable income is not a limitation,determine Martin's maximum cost recovery for 2011.
Fort Pillow
The site of the Fort Pillow massacre during the American Civil War, where Confederate forces killed numerous African American Union soldiers after they had surrendered.
Confederate Army
The military land forces of the Confederate States of America during the American Civil War, fighting against the Union.
Brutal Treatment
Describes the harsh and inhumane conditions or actions imposed on individuals, particularly slaves or workers, by those in power or authority.
Emancipation Proclamation
A presidential executive order issued by Abraham Lincoln in 1863 declaring the freedom of all slaves in Confederate territory during the American Civil War.
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