Exercise 5-6 (Algorithmic) (LO. 7) Hamlet acquires a 7 -year class asset on November 23, 2021, for $138,600 (the only asset acquired during the year). Hamlet does not elect immediate expensing under 5.179 . He does not claim any avaliable additional first year depreciation. This is Hamiet's only tangible paranai property acquisition for the year. Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. Calculate Hamlet's cost recovery deduction for 2021 and 2022. Exhibit 5.6 MACRS Straight-Line Depreciation for Real Property Assuming Mid-Month Convention* For Property Placed in Service after December 31, 19a6, and before May 13, 1993: 31.5. Year Nonrecidential Real Property For Property Placed in Service after May 12,1993 : 39-Year Nonresidential Real Property The official tables contain a separate row for each year. For ease of presentation, certain years are grouped in these tables. some instances, this will produce a difference of 0.001 for the last digit when compared with the official tables