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Rustin bought used 7-year class property on May 15,2015, for $728,000. Rustin elects 179 and a straight-line cost recovery. Rustin's taxable income would not create
Rustin bought used 7-year class property on May 15,2015, for $728,000. Rustin elects 179 and a straight-line cost recovery. Rustin's taxable income would not create a limitation for purposes of the 179 deduction. Determine the maximum cost recovery deduction Rustin can claim for 2015. Show your work.
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