Rustin bought used 7-year class property on May 15,2016,for $728,000.Rustin elects § 179 and straight-line cost recovery.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 2016.

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The Answer of Rustin bought used 7-year class property on May 15,2016,for $728,000.Rustin elects § 179 and straight-line cost recovery.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 2016.

Rustin Bought Used 7-Year Class Property on May 15,2016,for $728,000