Betsy acquired a new network system on June 5, 2015 (5-year class property), for $67,500.She expects taxable
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Betsy acquired a new network system on June 5, 2015 (5-year class property), for $67,500.She expects taxable income from the business will always be about $160,000 without regard to the 179 election.Betsy will elect 179 expensing. She also acquired 7-year property in July 2015 for $320,000. Determine Betsys maximum cost recovery deduction with respect to her purchases in 2015
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