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

Exercise 5-6 (Algorithmic) (LO. 7) Hamlet acquires a 7-year class asset on November 23,2021 , for $138,600 (the only asset acquired during the year). Hamiet does nok elect immediate expensing under 5179 . He does not claim any avallable additional first year depreciation. This is Hamiet's onily 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 2021 and 2022

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