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Betsy will elect 179 expensing she also acquired 7-year

Question - Betsy acquired a new network system on June 5, 2017 (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 2017 for $350,000. Determine Betsy's maximum cost recovery deduction with respect to her purchases in 2017?

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Accounting Basics: Betsy will elect 179 expensing she also acquired 7-year

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