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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 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 $1,775,000 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:
Now assume that during 2023, Karane decides to buy a competitor's assets for a purchase price of $1,553,660. Compute the
naximum 2023 cost recovery, including $179 expense and bonus depreciation. Karane purchased the following assets for the lump-
ium purchase price:
Note: Round your final answers to the nearest whole dollar amount.
Assume that Karane takes the maximum section 179 expense for the Assembly Equipment.
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