Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2018. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2018:

Asset	Cost		Date Placed in Service
Office furniture	$	150,000	02/03/2018
Machinery		1,560,000	07/22/2018
Used delivery truck*		40,000	08/17/2018

*Not considered a luxury automobile.

During 2018, Karane was very successful (and had no 179 limitations) and decided to acquire more assets in 2019 to increase its production capacity. These are the assets acquired during 2019:

Asset	Cost		Date Placed in Service
Computers & info. system	$	400,000	03/31/2019
Luxury auto		80,000	05/26/2019
Assembly equipment		1,200,000	08/15/2019
Storage building		700,000	11/13/2019

Used 100% for business purposes.

Karane generated taxable income in 2019 of $1,732,500 for purposes of computing the 179 expense. (Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.) Assume the 2018 179 limits are the same as those in 2019. (Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.)

c. Compute the maximum 2019 depreciation deductions, including 179 expense, but now assume that Karane would like to take bonus depreciation.

Description	Cost	Sec. 179 Expense	Bonus	MACRS Basis	Current MACRS Depreciation	Total Depreciation Deduction
2018 Assets
Office furniture						$0
Machinery						0
Used delivery truck						0
2019 Assets
Computers & Info. System						0
Luxury Auto						0
Assembly Equipment						0
Storage Building						0
Totals	$0	$0	$0	$0	$0

d. Now assume that during 2019, Karane decides to buy a competitors assets for a purchase price of $1,350,000. Compute the maximum 2019 cost recovery, including 179 expense and bonus depreciation. Karane purchased the following assets for the lump-sum purchase price. (Round your final answers to the nearest whole dollar amount.)

Asset	Cost		Date Placed in Service
Inventory	$	220,000	09/15/2019
Office furniture		230,000	09/15/2019
Machinery		250,000	09/15/2019
Patent		198,000	09/15/2019
Goodwill		2,000	09/15/2019
Building		430,000	09/15/2019
Land		20,000	09/15/2019

F. Complete Part I of Form 4562 for part (b) (use the most current form available). Download the Tax Form and enter the required values in the appropriate fields.