Question: Exercise 8 - 2 0 ( Algorithmic ) ( LO . 2 ) Hamlet acquires a 7 - year class asset on November 2 3
Exercise AlgorithmicLO
Hamlet acquires a year class asset on November for $the only asset acquired during the year Hamlet does not elect immediate expensing under 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 and
: $
: $
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