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Betsy acquired a new network system on June 5, 2018 (5-year class property), for $75,000.She expects taxable income from the business will always be about
Betsy acquired a new network system on June 5, 2018 (5-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 7-year property in July 2018 for $350,000. Determine Betsy's maximum cost recovery deduction with respect to her purchases in 2018: (UseTable 6A-1)
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