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During 2019, Karan acquired the following assets for use in her sole proprietorship: Asset Computers & Info. System Assembly Equipment Warehouse Cost $400,000 1,200,000 700,000

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During 2019, Karan acquired the following assets for use in her sole proprietorship: Asset Computers & Info. System Assembly Equipment Warehouse Cost $400,000 1,200,000 700,000 Date Place in Service 03/31 08/15 11/13 a. What is the maximum amount of cost recovery Karen can claim with respect to these assets in 2019? b. What is each asset's adjusted basis as of December 31, 2019? C. Assume Karan plans to sell the warehouse on May 5, 2021. What will Karan's adjusted basis in the warehouse be for purposes of determining her gain or loss on the sale

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