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Hamlet acquires a 7-year class asset on November 23, 2016, for $113, 400. Hamlet does not elect immediate expensing under sect 179. He does not
Hamlet acquires a 7-year class asset on November 23, 2016, for $113, 400. Hamlet does not elect immediate expensing under sect 179. He does not claim any available additional first-year depreciation. Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. Hamlet's cost recovery deduction is $ for 2016 and $ for 2017
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