Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2018. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2018:

Asset

Cost

Date Placed in Service

Office furniture

$

150,000

02/03/2018

Machinery

1,560,000

07/22/2018

Used delivery truck*

40,000

08/17/2018

*Not considered a luxury automobile.

During 2018, Karane was very successful (and had no 179 limitations) and decided to acquire more assets in 2019 to increase its production capacity. These are the assets acquired during 2019:

Asset

Cost

Date Placed in Service

Computers & info. system

$

400,000

03/31/2019

Luxury auto

80,000

05/26/2019

Assembly equipment

1,200,000

08/15/2019

Storage building

700,000

11/13/2019

Used 100% for business purposes.

Karane generated taxable income in 2019 of $1,732,500 for purposes of computing the 179 expense.(UseMACRSTable 1,Table 2,Table 3,Table 4,Table 5, andExhibit 10-10.)(Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.)

Comprehensive Problem 10-76 Part b

b.Compute the maximum 2019 depreciation deductions, including 179 expense (ignoring bonus depreciation).