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 Asset office furniture Machinery Used delivery truck Cost $ 350,000 1,600,000 Date Placed in Service 02/03/2021 07/22/2021 80,000 08/17/2021 "Not considered a luxury automobile During 2021, Karane was very successful (and had no 5179 limitations) and decided to acquire more assets in 2022 to increase its production capacity. These are the assets acquired during 2022 Asset Computers and information system Luxury auto Assembly equipment Storage building Date Placed in Cost $440,000 Service 03/31/2022 90,000 05/26/2022 1,400,000 08/15/2022 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 6179 expense limitation (Use