Problem 6-42 (LO 6-3) Betsy acquired a new network system on June 5, 2019 (5-year class property), for $64,000. She expects taxable income from the business will always be about $190,000 without regard to the $179 election Betsy will elect 8179 expensing. She also acquired 7-year property in July 2019 for $380,000. (Use Table 6A-1) Required: Determine Betsy's maximum cost recovery deduction with respect to her purchases in 2019: Betsy's maximum cost recovery deduction Half-Year Convention Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year TABLE 6A-1 General Depreciation System: 200% or 150% Declining Balance Switching to Straight-Line 20-Year 1 33.33 44.45 14.81 7.41 00 OWN- 20.00 32.00 19.20 11.52 11.52 5.76 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 10.00 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 5.00 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 2.95 9 10 11 12 13 14 15 16 17 18 19 20 21 3.750 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 May be used for formerly 1983. Se 16. Rer P 87.57.1987.2 CB 687