LO.2, 3, 10 Lori, who is single, purchased five-year class property for $100,000 and seven-year class property for $200,000 on May 20, 2012. Lori expects the taxable income derived from her business (without regard to the amount expensed under § 179) to be about $800,000. Lori wants to elect immediate § 179 expensing, but she doesn’t know which asset she should expense under §