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Dear staffs. I need help with this problem part b. Thank you Problem Part a Part b Part Part d Parte 76. Karne interpreu calendar

Dear staffs. I need help with this problem part b. Thank you
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Problem Part a Part b Part Part d Parte 76. Karne interpreu calendar year facturer based in College Station. Toxins, began in 2020. In the prices of gup the business, Karanha equired various types of Below is a list of assets acquired during 2020 Asset Cout Date Placed in Service Once are 150.000 02/03/2020 Mac 1.500.000 022/2020 Uncatevery truck 40000 777020 COM Durin 2000, Kanne was very well and had no 3179 timations and decided to acquire more niet in 2021 to increase the 10 its production capacity. These are the set aired during 2021 AR Date Placed in Service Computers wiem 500 ODD 020 LY BOOOO 01/20/20 Asment 1200.000 08/15/2021 Storage 700.000 W/2021 Karaneenerated taxable income in 2021 of $1.732.500 for more of computing the $179 expense limitation Method Life Convention Rate Current expens Total experte Dateie Asset 02703720 Office furniture 07/22/20 Machinery 08/17/20 Used delivery truck 03/31/21 Computers& info system 05/26/21 Luxury auto 08/15/21 Assembly equipment 11/13/21 Storage building Cost Accum depec amort 150000 1.560.000 40,000 400,000 80,000 1.200.000 700,000 O $179 expense MACRS base 150.000 1.050.000 $10,000 40,000 400,000 80,000 1.050.000 150.000 700.000 Problem Part a Part b Partc Part d Parte 76. 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: Asset Cost Date Placed in Service Office furniture $ 150,000 02/03/2020 Machinery 1560,000 07/22/2020 Used delivery truck 40,000 08/17/2020 "Not considered a luxury Home During 2020. Karane was very successful and had no $179 limitations and decided to acquire more assets in 2021 to increase Page 1058 its production capacity. These are the assets acquired during 2021: Asset Cost Date Placed in Service Computers & info system $ 400,000 03/312021 Luxury auto 80,000 05/26/2021 Assembly equipment 1.200.000 08/15/2021 Storage building 700,000 1/13/2021 Userness purposes Karane generated taxable income in 2021 of S1,732.500 for purposes of computing the $179 expense limitation a) Compute the maximum 2020 depreciation deductions, including $179 expense (ignoring bonus depreciation) b) Compute the maximum 2021 depreciation deductions, including $179 expense { ignoring bonus depreciation), c) Compute the maximum 2021 depreciation deductions, including $179 expense, but now assume that Karane would like to take bonus depreciation d) Now assume that during 2021. Karane decides to buy a competitor's assets for a purchase price of S1.350.000. Compute the maximum 2021 cost recovery, including $179 expense and bonus depreciation. Karane purchased the following assets for the lumpsum purchase price: Asset Cost Date Placed in Service Inventory $220,000 09/15/2021 Office furniture 230,000 09/15/2021 Machinery 250,000 09/15/2021 Patent 198,000 09/15/2021 Goodwill 2.000 09/15/2021 Building 430,000 09/15/2021 Land 20,000 09/15/2021 e) Complete Form 4562 for part (b) (use the most current form available)

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