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 Asset Cost Date Placed in Service Office furniture $ 310,000 02 03 2022 Machinery 1,720,000 07 22 2022 Used delivery truck Note 72,000 08 17 2022 Note 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 Asset Cost Date Placed in Service Computers and information system $ 432,000 03 31 2023 Luxury auto Note 88,000 05 26 2023 Assembly equipment 1,360,000 08 15 2023 Storage building 800,000 11 13 2023 Note Used 100 for business purposes Karane generated taxable income in 2023 of $1,772,500 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 Required c Compute the maximum 2023 depreciation deductions, including 179 expense, but now assume that Karane would like to take bonus depreciation Note Round your final answers to nearest whole dollar Description Cost Section 179 Expense Bonus MACRS Basis Current MACRS Depreciation Total Cost Recovery Deduction 2022 Assets Office Furniture Machinery Used Delivery Truck 2023 Assets Computers and Information System Luxury Auto Assembly Equipment Storage Building Total

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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

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:

Asset	Cost	Date Placed in Service
Office furniture	$ 310,000	02/03/2022
Machinery	1,720,000	07/22/2022
*Used delivery truckNote:**	72,000	08/17/2022

*Note: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:

Asset	Cost	Date Placed in Service
Computers and information system	$ 432,000	03/31/2023
*Luxury autoNote:**	88,000	05/26/2023
Assembly equipment	1,360,000	08/15/2023
Storage building	800,000	11/13/2023

*Note:Used 100% for business purposes.

Karane generated taxable income in 2023 of $1,772,500 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.

Required:

c. Compute the maximum 2023 depreciation deductions, including 179 expense, but now assume that Karane would like to take bonus depreciation. Note: Round your final answers to nearest whole dollar.

Description	Cost	Section 179 Expense	Bonus	MACRS Basis	Current MACRS Depreciation	Total Cost Recovery Deduction
2022 Assets
Office Furniture
Machinery
Used Delivery Truck
2023 Assets
Computers and Information System
Luxury Auto
Assembly Equipment
Storage Building
Total