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Hamlet acquires a 7-year class asset on November 23, 2021, 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, 2021, for $100,000. Hamlet does not elect immediate expensing under 179. He does not claim any available additional first-year depreciation.
Click here to access the depreciation table to use for this problem.
Hamlet's cost recovery deduction is $fill in the blank 1 for 2021 and $fill in the blank 2 for 2022.
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