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Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2021 . In the process of setting up the business, Karane has

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Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2021 . In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2021 : *Not considered a luxury automobile. During 2021, Karane was very successful (and had no $179 limitations) and decided to acquire more assets in 2022 to increase its production capacity. These are the assets acquired during 2022 : *Used 100% for business purposes. Karane generated taxable income in 2022 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.) Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers. a. Compute the maximum 2021 depreciation deductions, including 179 expense (ignoring bonus depreciatio b. Compute the maximum 2022 depreciation deductions, including 179 expense (ignoring bonus depreciati c. Compute the maximum 2022 depreciation deductions, including 179 expense, but now assume that Karane would like to ta bonus depreciation. d. Now assume that during 2022 , Karane decides to buy a competitor's assets for a purchase price of $1,350,000. Compute the maximum 2022 cost recovery, including 179 expense and bonus depreciation. Karane purchased the following assets for the lumpsum 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. e. Complete Part I of Form 4562 for part (b) (use the most current form available)

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