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41. LO.2, 3, 9 Lori, who is single, purchased 5-year class property for $200,000 and 7-year class property for $410,000 on May 20, 2017. Lori

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41. LO.2, 3, 9 Lori, who is single, purchased 5-year class property for $200,000 and 7-year class property for $410,000 on May 20, 2017. 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 179. She does not claim any available additional first-year depreciation. Determine Lori's total cost recovery deduction if the 179 expense is first taken with respect to the 5-year class asset. b. Determine Lori's total cost recovery deduction if the 179 expense is first taken with respect to the 7-year class asset. What is your advice to Lori? c

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