Question: Lars acquired a new network system on June 5 , 2 0 2 3 ( five - year class property ) , for $ 6

Lars acquired a new network system on June 5,2023(five-year class property), for $60,000.She expects taxable income from the business will always be about $170,000 without regard to the 179 election. Lars will elect 179 expensing. She also acquired seven-year property in July 2023 for $340,000.(Use Table 6A-1)
Required:
Determine Larss maximum cost recovery deduction with respect to her purchases in 2023.

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