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42. Betsy acquired a new network system on June 5, 2020 (five-year class property), for $75,000. She expects taxable income from the business will always

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42. Betsy acquired a new network system on June 5, 2020 (five-year class property), for $75,000. 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 seven-year property in July 2020 for $350,000. Determine Betsy's maximum cost recovery deduction with respect to her purchases in 2020: Half-Year Convention Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year 1 33.33 20.00 14.29 10.00 5.00 3.750 2 44.45 32.00 24.49 18.00 9.50 7.219 3 14.81 19.20 14.40 8.55 6.677 4 7.41 11.52 17.49 12.49 8.93 11.52 7.70 6.177 5.713 5 11.52 9.22 6.93 6 5.76 8.92 6.23 5.285 7.37 6.55 7 8.93 5.90 4.888 8 4.46 6.55 5.90 4.522 9 6.56 5.91 4.462 10 5.90 4.461 6.55 3.28 11 4.462 5.91 5.90 12 4.461 13 5.91 4.462 5.90 4.461 14 15 4.462 5.91 2.95 16 4.461 17 4.462 4.461 18 19 4.462 20 4.461 21 2.231

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