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On August 20, 2011, May signed a 10-year lease on a building for her business.On November 28, 2012, May paid $80,000 for a qualified leasehold improvement to the building.She takes additional first-year depreciation.What is May's cost recovery deduction for the improvement in 2012?
Return On Equity
A financial performance metric determined by dividing net income by shareholders' equity, showcasing the efficiency of management in utilizing the company's assets to generate profits.
Times Interest Earned Ratio
A financial metric indicating how well a company can meet its interest obligations based on current earnings before interest and taxes.
Debt-Equity Ratio
A measure of a company's financial leverage calculated by dividing its total liabilities by shareholder equity.
Return On Assets
A measure of how effectively a company uses its assets to generate profit, calculated as net income divided by total assets.
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