Hamlet acquires a 7-year class asset on november 23 2015, Accounting Basics

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Hamlet acquires a 7-year class asset on november 23 2015

Hamlet acquires a 7-year class asset on November 23, 2015 for $100,000. Hamlet does not elect immediate expensing under the 179. He does not claim any available additional first-year deprecation. Calculate Hamlet's cost recovery deductions for 2015 and 2016.

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Accounting Basics: Hamlet acquires a 7-year class asset on november 23 2015

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