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 (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 ) rev 10 25 2019 QC CS 188019 b Compute the maximum 2019 depreciation deductions, including 179 expense (ignoring bonus depreciation) 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 (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 ) rev 10 25 2019 QC CS 188019 b Compute the maximum 2019 depreciation deductions, including 179 expense (ignoring bonus depreciation)

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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

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. (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.) rev: 10_25_2019_QC_CS-188019 b. Compute the maximum 2019 depreciation deductions, including §179 expense (ignoring bonus depreciation).

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. (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.)

rev: 10_25_2019_QC_CS-188019

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