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Hamlet acquires a year class asset on

01/05/2021 Client: muhammad11 Deadline: 2 Day

Euclid acquires a 7-year class asset on May 9, 2016, for $80,000. Euclid does not elect immediate expensing under § 179. She does not claim any available additional first-year depreciation. Calculate Euclid's cost recovery deduction for 2016 and 2017.

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