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	Cost	Date Placed in Service
Office furniture	$ 190,000	02/03/2020
Machinery	1,568,000	07/22/2020
Used delivery truck*	48,000	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:

Asset	Cost	Date Placed in Service
Computers and information system	$ 408,000	03/31/2021
Luxury auto	82,000	05/26/2021
Assembly equipment	1,240,000	08/15/2021
Storage building	800,000	11/13/2021

Used 100% for business purposes.

Karane generated taxable income in 2021 of $1,742,500 for purposes of computing the 179 expense limitation.

A. Compute the maximum 2020 depreciation deductions, including 179 expense (ignoring bonus depreciation).

Description	Cost	179 Expense	MACRS Basis	Current MACRS Depreciation	Total Cost Recovery Deduction
Office funiture
Machinery
Used Delivery Truck
Total

PArt B.

Compute the maximum 2021 depreciation deductions, including 179 expense (ignoring bonus depreciation). For 2020 Assets and 2021 Assets

2020 Assets are office furniture, machinery, used delivery truck. 2021 Assets are computer and information system, luxury auto, assembly equipment , storage building.

Part C.

c. Compute the maximum 2021 depreciation deductions, including 179 expense, but now assume that Karane would like to take bonus depreciation. For both 2020 and 2021 assets.