On April 15,2014,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 firstyear depreciation (if available).Determine Sam's cost recovery from these two items for 2014.

Question

On April 15,2014,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 first­year depreciation (if available).Determine Sam's cost recovery from these two items for 2014.

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The Answer of On April 15,2014,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 first­year depreciation (if available).Determine Sam's cost recovery from these two items for 2014.

On April 15,2014,Sam Placed in Service a Storage Facility (A