rk mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Problem 6-42 (LO 6-3) Lars acquired a new network system on June 5,2021 (five-year class property), for $52,000. She expects taxable income from the business will always be about $130,000 without regard to the $179 election. Lars will elect $179 expensing. She also acquired seven-year property in July 2021 for $260,000. (Use Table 6A1 ) Required: Determine Lars's maximum cost recovery deduction with respect to her purchases in 2021. Answer is complete but not entirely correct. Lars's maximum cost recovery deduction TABLE 6A-1 General Depreciation System: 200% or 150% Declining Balance Switching to Straight-Line*