Question: On November 2 3 , 2 0 2 4 , Hamlet acquires and places in service a 7 - year class asset with a cost

On November 23,2024, Hamlet acquires and places in service a 7-year class asset with a cost of $373,800(the only asset acquired during the year). Hamlet does not elect immediate expensing under 179. He does not claim any available additional first-year (bonus) depreciation. This is Hamlet's only tangible personal property acquisition for the year.

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