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: Cost Date Placed in Service Asset Office furniture Machinery Used delivery truck* $ 350,000 1,600,000 80,000 02/03/2021 07/22/2021 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 Cost Service Computers and information system $440,000 03/31/2022 Luxury auto* 90,00 05/26/2022 Assembly equipment 1,400,000 08/15/2022 Storage building 900,000 11/13/2022 "Used 100% for business purposes. Karane generated taxable income in 2022 of $1,782,500 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: Compute the maximum 2021 depreciation deductions, including $179 expense (ignoring bonus depreciation). Answer is complete but not entirely correct. Description Cost 5179 Expense MACRS Basis Current MACRS Depreciation Total Cost Recovery Deduction Office furniture $ 350,000 $ 0 $ 350,000 ( $ 0 $ 0 Machinery Used delivery truck Total 1,600,000 80,000 $ 2,030,000 0x 0 0 80,000 0 $ 430,000 $ 0X 16,000 ( 16,000 $ 0 16,000 16,000