-... ---------- Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2020. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2020: Asset Cost Office furniture $ 150,000 Machinery 1,560,000 Used delivery truck 40,000 *Not considered a luxury automobile. Date Placed in Service 02/03/2020 07/22/2020 08/17/2020 During 2020, Karane was very successful (and had no $179 limitations) and decided to acquire more assets in 2021 to increase its production capacity. These are the assets acquired during 2021: Asset Computers and information system Luxury autot Assembly equipment Storage building Cost $ 400,000 80,000 1,200,000 700,000 Date Placed in Service 03/31/2021 05/26/2021 08/15/2021 11/13/2021 tUsed 100% for business purposes. Karane generated taxable income in 2021 of $1,732,500 for purposes of computing the $179 expense limitation. (Use MACRS Table 1, Table 2, Table 3, Table 4. Table 5, and Exhibit 10-10. (Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.) Required: a. Compute the maximum 2020 depreciation deductions, including $179 expense (ignoring bonus depreciation). Answer is complete but not entirely correct. Description Cost Office furniture Machinery Used delivery truck Total S 150.000 1,560,000 40.000 S 1,750,000 Current Total Cost $179 MACRS Expense MACRS Recovery Basis Depreciation Deduction IS 0 0 Is 150 000 $ 21.4355 21,435 0 X 540 000 $ 132.246 X 132 246 0. 40.000 8.000 9,000 IS 1730.000 161.631 $ 161 681 lo $