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 Date Placed in Asset Office furniture Machinery Used delivery truck* Cost Service $ 200,000 1,570,000 02/03/2021 07/22/2021 50,000 08/17/2021 "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 Date Placed in Asset Computers and information system. Cost $410,000 Service Luxury auto 82,500 03/31/2022 05/26/2022 Assembly equipment 1,250,000 08/15/2022 Storage building 900,000 11/13/2022 "Used 100% for business purposes.. Karane generated taxable income in 2022 of $1,745,000 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. d. Now assume that during 2022, Karane decides to buy a competitor's assets for a purchase price of $1,409,900. Compute the maximum 2022 cost recovery, Including $179 expense and bonus depreciation. Karane purchased the following assets for the lump- sum purchase price: Note: Round your final answers to the nearest whole dollar amount. Date Placed in Asset Inventory Cost 230,000 Service 09/15/2022 Office furniture 240,000 09/15/2022 Machinery. 260,000 09/15/2022 Patent 207,000 09/15/2022 Goodwill 2,900 09/15/2022 440,000 09/15/2022 Land 30,000 09/15/2022 Building Assume that Karane takes the maximum section 179 expense for the Assembly Equipment. Current Total Cost Current Assume that Karane takes the maximum section 179 expense for the Assembly Equipment. Description Section 179 Cost Bonus MACRS Basis Expense Current MACRS Depreciation Current Amortization Total Cost Recovery Deduction 2021 Assets Office Furniture Machinery Used Delivery Truck $ 200,000 $ 0 $ 1,570,000 200,000 $ 520,000 48,980 0 S 48.980 127,348 0 127,348 50,000 0 50.000 16,000 0 16.000 2022 Assets Computers and Information System 410,000 410.000 0 410,000 Luxury Auto 82.500 0 8,000 74,500 10,200 O 18,200 Assembly Equipment 1,250,000 1,080,000 170,000 0 of Storage Building 900,000 0 900,000 2.000 1,250,000 2,880 Inventory Office Furniture Machinery Patent Goodwill Building Land 230,000 0 0 0 240.000 240.000 0 240.000 260.000 0 280,000 260.000 207,000 0 0 O 2,900 440.000 0 440,000 0 30.000 O D 5 5.872.400 $ 1,080.000 $ 1.088.000 $ 2.184.500 $ 205.417 $ 0 $ 2,323.417 Totals