Question: Lars acquired a new network system on June 5, 2022 (five-year class property), for $75,000. She expects taxable income from the busines will always be

Lars acquired a new network system on June 5, 2022 (five-year class property), for $75,000. She expects taxable income from the busines will always be about $175,000 without regard to the $179 election. Lars will elect $179 expensing. She also acquired seven-year property in July 2022 for $350,000. (Use Table 6 A-1) Required: Determine Lars's maximum cost recovery deduction with respect to her purchases in 2022. Lars's maximum cost recovery deduction

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