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Karane Enterprises, a calendar - year manufacturer based in College Station, Texas, began business in 2 0 2 2 . In the process of setting
Karane Enterprises, a calendaryear manufacturer based in College Station, Texas, began business in In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during :
Asset Cost Date Placed in Service
Office furniture $
Machinery
Used delivery truckNote:
Note:Not considered a luxury automobile.
During Karane was very successful and had no limitations and decided to acquire more assets in to increase its production capacity. These are the assets acquired during :
Asset Cost Date Placed in Service
Computers and information system $
Luxury autoNote:
Assembly equipment
Storage building
Note:Used for business purposes.
Karane generated taxable income in of $ for purposes of computing the expense limitationUse MACRS Table Table Table Table Table and Exhibit
Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.
Required:
Compute the maximum depreciation deductions, including expense ignoring bonus depreciation
Note: Apply the deduction to the most expensive eligible asset first. Round your final answers to nearest whole dollar.
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