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 Check m Asset Office furniture Machinery Used delivery truck Cost $350,000 1,600,000 30,000 Service 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 Computers and information system Cost $440,000 Service 03/31/2022 Luxury auto 90,000 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