On August 20,2013,May signed a 10-year lease on a building for her business.On November 28,2014,May paid $80,000 for leasehold improvements to the building.She does not take additional first-year depreciation (if available)and does not elect § 179 expensing.What is May's cost recovery deduction for the improvement in 2014?

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The Answer of On August 20,2013,May signed a 10-year lease on a building for her business.On November 28,2014,May paid $80,000 for leasehold improvements to the building.She does not take additional first-year depreciation (if available)and does not elect § 179 expensing.What is May's cost recovery deduction for the improvement in 2014?

On August 20,2013,May Signed a 10-Year Lease on a Building