On April 15,2015,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 2015.

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The Answer of On April 15,2015,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 2015.

On April 15,2015,Sam Placed in Service a Storage Facility (A