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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

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 this next year to increase its production capacity. These are the assets acquired during 2019:

Asset Cost Date Placed in Service
Computers & info. system $ 40,000 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.

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

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