Tax Drill $-$ Mid$-$quarter Convention

Hamlet acquires a $7-$year class asset on November $23,2023,$ for $$100,000.$ Hamlet does not elect immediate expensing under $$

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 $

X for $2023$ and $

X for $2024.$