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On February 15, 2012, Martin signed a 20-year lease on a commercial building. In March 2012, Martin purchased and placed in service new seven-year class assets costing $400,000. In June 2012, 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 2012. He takes additional first-year depreciation. Assuming taxable income is not a limitation, determine Martin's maximum cost recovery for 2012.
Sustainable Growth Rate
The maximum rate at which a company can grow its revenues without needing to increase its financial leverage.
Shareholders' Equity
The residual interest in the assets of a corporation that remains after deducting its liabilities, representing the owners' claim on the business.
Net Income
The total profit of a company after all expenses and taxes have been deducted from gross income.
Dividends Paid
The total amount of dividends that a corporation has paid out to its shareholders during a specific period, typically expressed on a per share basis.
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