3 Part 3 of 3 Required Information [The following Information applies to the questions displayed below.] Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2020. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2020: Date Placed in Asset Cost Service 10 Office furniture points Machinery $ 150,000 1,560,000 Used delivery truck* 40,000 02/03/2020 07/22/2020 08/17/2020 *Not considered a luxury automobile. eBook During 2020, Karane was very successful (and had no 179 limitations) and decided to acquire more assets in 2021 to increase its production capacity. These are the assets acquired during 2021: Date Placed in Service Asset Cost Computers and information system Luxury autot Assembly equipment Storage building $ 400,000 80,000 1,200,000 700,000 03/31/2021 05/26/2021 08/15/2021 11/13/2021 Used 100% for business purposes. Karane generated taxable income in 2021 of $1,732,500 for purposes of computing the 179 expense limitation. (Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.) (Leave no answer blank. Enter zero If applicable. Input all the values as positive numbers.) Required: d. Now assume that during 2021, Karane decides to buy a competitor's assets for a purchase price of $1,350,000. Compute the maximum 2021 cost recovery, including 179 expense and bonus depreciation. Karane purchased the following assets for the lump- sum purchase price: (Round your final answers to the nearest whole dollar amount.) Asset Date Placed in Service Inventory Office furniture Machinery Patent Goodwill Building Land Cost $ 220,000 09/15/2021 230,000 09/15/2021 250,000 09/15/2021 198,000 09/15/2021 2,000 09/15/2021 430,000 09/15/2021 20,000 09/15/2021 Assume that Karane takes the maximum section 179 expense for the Assembly Equipment.