Question: Exercise 5-6 (Algorithmic) (LO. 7) Hamiet acquires a 7-year class asset on November 23,2021 , for $138,600 (the only asset acquired during the year). Hamlet

Exercise 5-6 (Algorithmic) (LO. 7) Hamiet acquires a 7-year class asset on November 23,2021 , for $138,600 (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 Hamiet'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 Hamiet's cost recovery deduction for 2021 and 2022. 2021:52022:1xx MACRS Straight-Line Depreciation for Real Property Assuming Mid-Month Convention*

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