Calculate Hamlet cost recovery deductions

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Problem - Hamlet acquires a 7-year class asset on November 23, 2019, for $100,000 (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. Calculate Hamlet's cost recovery deductions for 2019 and 2020.

Reference no: EM132657146

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