Betsy acquired a new network system on June 5, 2019 (5-year class property) for $75,000. She expects

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Betsy acquired a new network system on June 5, 2019 (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 2019 for $350,000. Determine Betsy’s maximum cost recovery deduction with respect to her purchases in 2019: ___________________

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Fundamentals Of Taxation 2020 Edition

ISBN: 9781260483147

13th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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