Karane Enterprise, a s calendar - year manufacturer based in college Station, Tee, began business in 2017, in the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2017 : Assets. Costs. Data in service Office furniture. 150,000. 02/03/2017 Machinery. 1,560,000. 07/22/2017 Used deliv truck 40,000 08/17/2017 During the year, Karane was very successful, (no 179 limitations) and decided to aquire more assets this next year to increase its production capacity. These are the assets acquired during the 2018: Assets. Costs. Date in service Computer & infn sys 400,000 03/31/2018 Luxury auto. 80,000. 05/26/2018 Assembly equipment 1,200,000 08/15/2018 Storage building. 700,000. 11/13/2018 Karane generate taxable income in 2018 of 1,732,500. For the purpose of computing the 179 expense. Use 100% business purposes (A) Compute the maximum 2017 depreciation deduction including 179 expenses. (b) compute the maximum 2018 depreciation including 179 expenses. (c) compute the maximum 2018 depreciation deductions including 179 expenses. But now Assume that Karene would like to take bonus depreciation. Now assumes that during 2018, Karane decides to buy a competitor's asset for a purchase price of 1,350,000. Compute the maximum 2018, cost recovery including 179 expenses and bonus depreciation. Karane purchase the following assets for the lump-sum purchase price : Assets cost. Date in service Inventory. 220,000. 09/15/2018 Office furniture. 230,000. 09/15/2018 Machinery. 250,000 09/15/2018 Patent. 198,000. 09/15/2018 Goodwill. 2,000. 09/15/2018 Building. 430,000. 09/15/2018 Land. 20,000. 09/15/2018. (e) complete part 1 of form 4562 for part (b) (used the most current form available).