Question: Betsy acquired a new network system on June 5, 2014 (5-year class property) for $75,000. She expects taxable income from the business will always be

Betsy acquired a new network system on June 5, 2014 (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 2014 for $350,000. Determine Betsy’s maximum cost recovery deduction with respect to her purchases in 2014:

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