4 Part 4 of 5 6 points Book 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 2022. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2022 Asset Office furniture Machinery Used delivery truck* Date Placed in Cost Service $158,888 1,560,000 40,000 82/03/2822 87/22/2022 08/17/2822 Print References *Not considered a luxury automobile. During 2022, Karane was very successful (and had no 179 limitations) and decided to acquire more assets in 2023 to Increase its production capacity. These are the assets acquired during 2023: Date Placed in Asset Cost Service Computers and information system $400,000 03/31/2823 Luxury auto 80,000 05/26/2023 Assembly equipment 1,200,000 08/15/2823 Storage building 700,000 11/13/2823 *Used 100% for business purposes. Karane generated taxable income in 2023 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.) Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers. Required: d. Now assume that during 2023, Karane decides to buy a competitor's assets for a purchase price of $1,350,000. Compute the maximum 2023 cost recovery, Including $179 expense and bonus depreciation. Karane purchased the following assets for the lump- sum purchase price: Note: Round your final answers to the nearest whole dollar amount. Asset Inventory Date Placed in Service 09/15/2823 Office furniture Machinery Patent Goodwill Building Land Cost $ 228,888 238,000 250,000 09/15/2823 09/15/2823 198,888 09/15/2823 2,088 09/15/2823 438,000 28,000 09/15/2823 09/15/2023 Assume that Karane takes the maximum section 179 expense for the Assembly Equipment. Description 2022 Assets Office Furniture Machinery Used Delivery Truck 2023 Assets Computers and Information System 400,000 Luxury Auto Assembly Equipment Storage Building 80,000 0 0 0 Cost Section 170 Expence Bonus MACR8 Baci Current MACRS Depreciation Current Amortization Total Cost Recovery Deduction S 150,000 $ 1,560,000 40,000 150,000 $ 36,736 0 0 07 40,000 36,735 D 12,800 0 12,800 07 0 0 8,000 72,000 0 8,000 0 1.200.000 0 700,000 0 0 700,000 2,247 2,247 Inventory 220,000 0 0 0 0 Office Furniture Machinery Patent Goodwill Building 230,000 0 07 0 0 250,000 0 07 0 198,000 0 0 0 0 2,000 0 0 0 0 430,000 0 430,000 3,221 0 3,221 Land 20,000 0 ol 0 0 Totals $ 5,480,000 $ 05 8,000 $ 1,392,000 $ 55,003 $ 0 $ 63,003