Question
Hamlet acquires a 7-year class asset on November 23, 2016, for $100,000. Hamlet does not elect immediate expensing under 179. He does not claim any
Hamlet acquires a 7-year class asset on November 23, 2016, for $100,000. Hamlet does not elect immediate expensing under 179. He does not claim any available additional first-year depreciation. Hamlet's cost recovery deduction is $___________ for 2016 and $________ for 2017. find his cost recovery deduction for both 2016 and 2017.
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Hospitality Management Accounting
Authors: Michael M. Coltman, Martin G. Jagels, Martin Jagels
7th Edition
0471348848, 978-0471348849
