1 Part 1 of 5 Machinery Used delivery truck* 1,000,000 86,000 01/22/20 08/17/2021 *Not considered a luxury automobile. During 2021, Karane was very successful (and had no 179 limitations) and decided to acquire more assets in 2022 to increase its production capacity. These are the assets acquired during 2022: Date Placed in Asset Computers and information system Luxury auto* Cost $ 446,000 Service 03/31/2022 Assembly equipment Storage building 91,500 1,430,000 900,000 05/26/2022 08/15/2022 11/13/2022 eBook *Used 100% for business purposes. Karane generated taxable income in 2022 of $1,790,000 for purposes of computing the 179 expense limitation. (Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.) Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers. Required: Compute the maximum 2021 depreciation deductions, including $179 expense (ignoring bonus depreciation). Description Cost $179 Expense MACRS Basis Current MACRS Depreciation Total Cost Recovery Deduction Office furniture Machinery $ Used delivery truck Total 380,000 $ 1,606,000 86,000 0 $ 380,000 $ 0 0 0 0 86,000 0 $ 2,072,000 S 0 $ 466,000 $ 0 $ 0