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help plz!! Comprehensive Problem 10.76 (LO 10-1, LO 10-2, LO 10-3, LO 10-4, LO 10-5) (Algo) [The following information applies to the questions displayed below]
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Comprehensive Problem 10.76 (LO 10-1, LO 10-2, LO 10-3, LO 10-4, LO 10-5) (Algo) [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 proces of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2020 : 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: fused 100% for business purposes Karane generated taxable income in 2021 of $1,772,500 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 onswer blank. Enter zero if applicable. Input all the values as positive numbers.) Comprehensive Problem 10-76 Part a (Algo) Required: a. Compute the maximum 2020 depreciation deductions, including 3179 expense (ignoring bonus depreciation) Step by Step Solution
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