Item$18$ Part $4$ of $51\mathrm{.}05$ points Return to question Item $18$ Required information Required information Skip to question $[$The following information applies 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 various types of assets. Below is a list of assets acquired during $2022$: Asset Cost Date Placed in Service Office furniture $ $330,00002/03/2022$ Machinery $1,740,00007/22/2022$ Used delivery truck$*$Note: $76,00008/17/2022*$Note:Not considered a luxury automobile. During $2022,$ Karane was very successful $($and had no $179$ limitations$)$ and decided to acquire more assets in $2023$ to increase its production capacity. These are the assets acquired during $2023$: Asset Cost Date Placed in Service Computers and information system $ $436,00003/31/2023$ Luxury auto$*$Note: $89,00005/26/2023$ Assembly equipment $1,380,00008/15/2023$ Storage building $700,00011/13/2023*$Note:Used $100\%$ for business purposes. Karane generated taxable income in $2023$ of $$1,777,500$ for purposes of computing the $179$ expense limitation$.($Use MACRS Table $1,$ Table $2,$ Table $3,$ Table $4,$ Table $5,$ and Exhibit $10-10.)$ Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers. Required: d$.$ Now assume that during $2023,$ Karane decides to buy a competitor's assets for a purchase price of $$1,565,640.$ Compute the maximum $2023$ cost recovery, including $179$ expense and bonus depreciation. Karane purchased the following assets for the lump$-$sum purchase price: Note: Round your final answers to the nearest whole dollar amount. Asset Cost Date Placed in Service Inventory $ $256,00009/15/2023$ Office furniture $266,00009/15/2023$ Machinery $286,00009/15/2023$ Patent $230,40009/15/2023$ Goodwill $5,24009/15/2023$ Building $466,00009/15/2023$ Land $56,00009/15/2023$ Assume that Karane takes the maximum section $179$ expense for the Assembly Equipment. Required:

Compute the maximum $2022$ depreciation deductions, including $$179$ expense $($ignoring bonus depreciation$).$

Note: Apply the $$179$ deduction to the most expensive eligible asset first. Round your final answers to nearest whole dollar.

Answer is not complete. Required:

b$.$ Compute the maximum $2023$ depreciation deductions, including $$179$ expense $($ignoring bonus depreciation$).$

Note: Round your final answers to nearest whole dollar.

Answer is not complete. Required:

c$.$ Compute the maximum $2023$ depreciation deductions, including $$179$ expense, but now assume that Karane would like to take bonus depreciation.

Note: Round your final answers to nearest whole dollar.

Answer is not complete.

$\backslash$table$[[$Description$,$Cost,$\backslash$table$[[$Section$],[179],[$Expense$]],$Bonus,$\backslash$table$[[$MACRS$],[$Basis$]],\backslash$table$[[$Current$],[$MACRS$],[$Depreciation$]],\backslash$table$[[$Total Cost$]$

Help with blanks$/$in red please Required information

$[$The following information applies 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 various 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$ limitations$)$ 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 $$1,777,500$ for purposes of computing the $$179$ expense limitation$.($Use

MACRS Table $1,$ Table $2,$ Table $3,$ Table $4,$ Table $5,$ and Exhibit $10-10.)$

Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.Required information

$[$The following information applies 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 various 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$ limitations$)$ 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 $$1,777,500$ for purposes of computing the $$179$ expense limitation$.($Use

MACRS Table $1,$ Table $2,$ Table $3,$ Table $4,$ Table $5,$ and Exhibit $10-10.)$

Note: Leave no answer blank. Enter zero if applicable.