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Petitioners incurred and paid expenditures for work on and
for the Store Space during 1995 as shown in table 1.
Table 1
Payee Amount
(1) Gaffney Cabinets $1,800
(2) Taylor Cabinet Shop (cabinet with counter) 7,267
(3) Sign Craft 428
(4) Tull Brothers 240
(5) Mid-South Signs 3,935
(6) Chroma Copy 1,719
(7) Duncan Signs 483
(8) Taylor Cabinet Shop (door frames & baseboards) 13,500
(9) Corinth Carpets 3,509
(10) Universal Manufacturing 1,150
(11) Regional 90,630
(12) Sherwin Williams 406
(13) Joey Wilhite 2,000
Total 127,067
Items 1 through 7 in table 1, supra (totaling $15,872), were
paid for furniture, fixtures, and equipment for the Bakery, and
not for leasehold improvements. (The parties agree that these
expenditures must be capitalized and depreciated under the
modified accelerated cost recovery system (hereinafter sometimes
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