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
Hamlet acquires a 7-year class asset on November 23, 2016, for $100,000. Hamlet does not elect immediate expensing under ยง 179. He does not claim any available additional first-year depreciation. Calculate Hamlet's cost recovery deductions for 2016 and 2017.
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