The Ottoman Empire lasted from 1299 to 1923. It was centered in Turkey and controlled the eastern and southern lands around the Mediterranean Sea. The empire was founded by Osman I around 1299, and was most powerful from around 1400 to 1600, when it controlled trade and politics in southeastern Europe, southwest Asia, and northern Africa. Suleiman the Magnificent was one of the most powerful rulers.
About Finance menu. Leasehold Improvements. A leasehold improvement is an improvement made to a leased building by a department that has the right to use this leasehold improvement over the term of the lease. This improvement will revert to the lessor at the expiration of the lease.
Differences with Qualified Leasehold Improvements The QIP definition is similar to that of Qualified Leasehold Improvements; however, there are subtle but distinct differences to note. For one, Qualified Improvement Property does not have the Qualified Leasehold Improvements requirement that a building must have been placed in service at least three years prior to the expenditure. Further, QIP is not restricted to expenditures pursuant to a lease between non-related parties.