Question: Lars acquired a new network system on June 5 , 2 0 2 3 ( five - year class property ) , for $ 7

Lars acquired a new network system on June 5,2023(five-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. Lars will elect $179 expensing. She also acquired sevenyear property in July 2023 for $350,000.(Use Table 6A-1)
Required:
Determine Lars's maximum cost recovery deduction with respect to her purchases in 2023.
Lars's maximum cost recovery deduction
May not be used for farm business property generally placed in service after 1988. See Table 14, Rev. Proc. 87-57,1987-2 CB 687.
Lars acquired a new network system on June 5 , 2

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