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I need help Required Information [The following information applles to the questions displayed below.] Karane Enterprises, a calendar-year manufacturer based In College Station, Texas, began
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Required Information [The following information applles 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 varlous types of assets. Below is a list of assets acquired during 2022 : Not considered a luxury automobile. During 2022, Karane was very successful (and had no \$179 IImitations) and decided to acquire more assets in 2023 to Increase Its production capacity. These are the assets acquired during 2023: *Used 100% for business purposes. Karane generated taxable Income in 2023 of $1,742,500 for purposes of computing the $179 expense IImItation. (Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhlblt 10-10.) Note: Leave no answer blank. Enter zero if appllcable. Input all the values as positive numbers. Required: b. Compute the maximum 2023 depreclation deductions, Including \$179 expense (Ignoring bonus depreclation). Note: Round your final answers to nearest whole dollarStep by Step Solution
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