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 assets acquired during 2021: of Cost Date Placed in Service Asset Office furnitures 150,000 02/03/2021 Machinery Used delivery truck* 1,560,000 07/22/2021 40,000 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 Computers and information system $ 400,000 Service 03/31/2022 Luxury auto* Assembly equipment Storage building 80,000 05/26/2022 1,200,000 08/15/2022 "Used 100% for business purposes. 700,000 11/13/2022 Karane generated taxable income in 2022 of $1,732,500 for purposes of computing the 5179 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: b. Compute the maximum 2022 depreciation deductions, including $179 expense (ignoring bonus depreciation). Description Cost Section 179 Expense MACRS Basis Current MACRS Total Cost Recovery Depreciation Deduction 2021 Assets Office furniture $150,000 $ Machinery 1,560,000 0 $ 150,000 $ 36,735 $ 36,735 0 Used delivery truck 40,000 0 40,000 12,800 12,800 2022 Assets Computers and Information System 400,000 o 400,000 0 Luxury Auto 80,000 0 80,000 0 Assembly Equipment 1,200,000 0 Storage Building 700,000 0 700,000 2,247 2,247 $ Total $ $ 0 $ 4,130,000 1,370,000 51,782 $ 51,782