Rustin bought 7-year class property on May 15, 2019, for $1,248,000.Rustin elects § 179 and straight-line cost recovery, but not additional first-year depreciation..Rustin's taxable income would not create a limitation for purposes of the § 179 deduction.Determine the maximum cost recovery deduction Rustin can claim for 2019.

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The Answer of Rustin bought 7-year class property on May 15, 2019, for $1,248,000.Rustin elects § 179 and straight-line cost recovery, but not additional first-year depreciation..Rustin's taxable income would not create a limitation for purposes of the § 179 deduction.Determine the maximum cost recovery deduction Rustin can claim for 2019.

Rustin Bought 7-Year Class Property on May 15, 2019, for $1,248,000.Rustin