Hamlet acquires a 7-year class asset on November 23, 2017, for $100,000. Hamlet does not elect immediate

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Hamlet acquires a 7-year class asset on November 23, 2017, for $100,000. Hamlet does not elect immediate expensing under § 179. He does not claim any available additional first-year depreciation. Calculate Hamlet's cost recovery deductions for 2017 and 2018?
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South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities

ISBN: 9781337386173

21st Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney

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