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Determine betsys maximum cost recovery deduction

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Point : Betsy acquired a new network system on June 5, 2018 (5-year class property), for $61,000. She expects taxable income from the business will always be about $175,000 without regard to the §179 election. Betsy will elect §179 expensing. She also acquired 7-year property in July 2018 for $350,000.

Question 1: Determine Betsy's maximum cost recovery deduction with respect to her purchases in 2018

Reference no: EM132475036

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