A. Complete Karane Enterprises's Form 4562 for part (b). The answers for part b are below.

(Use 2021 tax rules regardless of year on tax form. Do not skip rows when entering property under line item 26 of Form 4562. Assets acquired during 2021 have to be entered under Section B part of Form 4562, page 1.)

Answer is complete and correct. Description Cost Section 179 Expense MACRS Basis Current MACRS Depreciation Total Cost Recovery Deduction $ 0 $ $ $ 190,000 1,568,000 48,000 $ 190,000 528,000 48,000 46,531 129,307 15,360 46,531 129,307 15,360 0 2020 Assets Office furniture Machinery Used delivery truck 2021 Assets Computers and Information System Luxury Auto Assembly Equipment Storage Building Total 0 81,600 81,600 408,000 82,000 1,240,000 800,000 $ 4,336,000 1,050,000 408,000 82,000 190,000 800,000 $ 2,246,000 10,100 27,151 2,568 312,617 10,100 1,077,151 2,568 $ 1,362,617 0 $ 1,050,000 $ Answer is complete and correct. Description Cost Section 179 Expense MACRS Basis Current MACRS Depreciation Total Cost Recovery Deduction $ 0 $ $ $ 190,000 1,568,000 48,000 $ 190,000 528,000 48,000 46,531 129,307 15,360 46,531 129,307 15,360 0 2020 Assets Office furniture Machinery Used delivery truck 2021 Assets Computers and Information System Luxury Auto Assembly Equipment Storage Building Total 0 81,600 81,600 408,000 82,000 1,240,000 800,000 $ 4,336,000 1,050,000 408,000 82,000 190,000 800,000 $ 2,246,000 10,100 27,151 2,568 312,617 10,100 1,077,151 2,568 $ 1,362,617 0 $ 1,050,000 $