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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

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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 $ 150,000 1,560,000 40,000 "Not considered a luxury automobile. Date Placed in Service 02/03/2021 07/22/2021 08/17/2021 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: Cost Computers and information system $ 400,000 Asset Luxury auto Assembly equipment Storage building Date Placed in Service 03/31/2022 80,000 1,200,000 05/26/2022 08/15/2022 700,000 11/13/2022 "Used 100% for business purposes. Karane generated taxable income in 2022 of $1,732,500 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: c. Compute the maximum 2022 depreciation deductions, including $179 expense, but now assume that Karane would like to take bonus depreciation.

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