Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2020. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2020: Asset Office furniture Cost $ 150,000 1,560,000 Date Placed in Service 02/03/2020 Machinery 07/22/2020 Used delivery truck* 40,000 08/17/2020 *Not considered a luxury automobile. During 2020, Karane was very successful (and had no 179 limitations) and decided to acquire more assets in 2021 to increase its production capacity. These are the assets acquired during 2021: Date Placed in Asset Cost Service Computers and information system $ 400,000 03/31/2021 Luxury autot 80,000 05/26/2021 Assembly equipment Storage building 1,200,000 700,000 08/15/2021 11/13/2021 tUsed 100% for business purposes. Karane generated taxable income in 2021 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.) (Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.) Required: c. Compute the maximum 2021 depreciation deductions, including $179 expense, but now assume that Karane would like to take bonus depreciation. Answer is complete but not entirely correct. Description Cost Section 179 Expense Bonus 2020 Assets Office Furniture S 150,000 0 Machinery 1,560,000 0 Used Delivery Truck 40,000 300 0 0 2021 Assets Computers and Information System 400,000 Luxury Auto 80,000 Assembly Equipment 1,200,000 9000 400,000 8,000 search we 300 1800 MACRS Basis 150,000 520,000 40,000 0 72,000 0 300 300 tion on th Current MACRS Depreciation Total Cost Recovery Deduction 0 S 0 12,800 10 12,800 000 0001 KPrev 400,000 8,000 0 64 5 of 5 =