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	$ 150,000	02/03/2020
Machinery	1,560,000	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:

Asset	Cost	Date Placed in Service
Computers & information system	$ 400,000	03/31/2021
Luxury auto	80,000	05/26/2021
Assembly equipment	1,200,000	08/15/2021
Storage building	700,000	11/13/2021

e. Complete Karane Enterprises's Form 4562

(Use 2021 tax rules regardless of year on tax form. Do not skip rows when entering property under line item 26 of Form 4562. Assets acquired during 2021 have to be entered under Section B part of Form 4562, page 1.)