Opening new retail outlet

Assignment Help Financial Accounting

Reference no: EM131259448

Cris cutlery, Inc. is opening a new retail outlet. the building it purchased has three unfinished walls, and unfinished ceiling, basic plumbing and electrical connections, a concrete slab floor, and no front wall. Chris plans to have the following improvement made to make the site suitable for its use. Chris plans to have the following improvements made to make the site suitable for its use

a) Electrical connections

Plumbing connections

Permanent interior walls

Front wall and window

Side and rear walls

Drop ceiling

Lighting Fixtures nad

Heating and cooling System

In addition, Chris purchased the following assets for use at the site computer and

office furniture

Assume that item a to h are structural components What method of cost recovery can be used in if Chris goal is to deduct as depreciation as possible in the first year?

Reference no: EM131259448

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