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  3. betsy acquired a new network system on june 5, 202

Betsy acquired a new network system on June 5, 2020 (five-year class property), for $54,000....

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Betsy acquired a new network system on June 5, 2020 (five-year class property), for $54,000. She expects taxable income from the business will always be about $140,000 without regard to the $179 election. Betsy will elect $179 expensing. She also acquired seven- year property in July 2020 for $280,000. (Use Table 6A-1) Required: Determine Betsy's maximum cost recovery deduction with respect to her purchases in 2020: Answer is complete but not entirely correct. Betsy's maximum cost recovery deduction $ 252,403 X

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