Depreciation Table Pictured Below

Exercise 5-6 (Algorithmic) (LO. 7) Hamlet acquires a 7-year class asset on November 23, 2019, for $483,000 (the only asset acquired during the year). Hamlet does not elect immediate expensing under $ 179. He does not claim any available additional first year depreciation. This is Hamlet's only tangible personal property acquisition for the year. Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. Calculate Hamlet's cost recovery deduction for 2019 and 2020. 2019: $ 2020: $ Exhibit 5.6 MACRS Straight-Line Depreciation for Real Property Assuming Mid-Month Convention * For Property Placed in Service after December 31, 1986: 27.5-Year Residential Real Property Recovery Year(s) The Applicable Percentage Is (Use the Column for the Month in the First Year the PE Placed in Service): 1 2 3 4 5 6 7 8 9 10 1 218 19-27 3.485 3.636 3.637 1.970 0.000 3.182 3.636 3.637 2.273 0.000 2.879 3.636 3.637 2.576 0.000 2.576 3.636 3.637 2.879 0.000 2.273 3.636 3.637 3.182 0.000 1.970 3.636 3.637 3.485 0.000 1.667 3.636 3.637 3.636 0.152 1.364 3.636 3.637 3.636 0.455 1.061 3.636 3.637 3.636 0.758 0.7580 3.636 3. 3.637 3. 3.636 3. 1.061 1 28 29 For Property Placed in Service after December 31, 1986, and before May 13, 1993: 31.5-Year Non Real Property Recovery Ver The Applicable Percentage Is (Use the Column for the Month in the First Year the P a hsedin