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 Betsys maximum cost recovery deduction with respect to her purchases in 2018: (Use Table 6A-1)

Use Table 6A-1

Answer is complete but not entirely correct. $ 320,004 Betsy's maximum cost recovery deduction TABLE 6A-1 Half-Year Conventlon General Depreciation System 200% or 150% Declining Balance Switching to Straight-Line* Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year 20.00 14.29 3.750 33.33 10.00 5.00 9.50 32.00 2 24.49 7.219 44.45 18.00 3 19.20 17.49 6.677 14.81 14.40 8.55 12.49 7.41 11.52 6.177 4 11.52 7.70 9.22 7.37 8.93 6.93 5.713 11.52 8.92 5.285 6 5.76 6.23 5.90 7 8.93 6.55 4.888 4.46 5.90 6.55 4.522 6.56 5.91 4.462 5.90 10 6.55 4.461 3.28 4.462 11 5.91 5.90 12 4.461 5.91 4.462 13 5.90 5.91 14 4.461 15 4.462 16 2.95 4.461 17 4.462 4.461 18 19 4.462 20 4.461 2.231 21 May not be used for farm business property generally placed in service after 1988. See Table 14, Rev. Proc. 87-57