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.My numbers are not all correct if any. Thanks in advance Required Information [The following information applies to the questions displayed below.) Karane Enterprises, a

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.My numbers are not all correct if any. Thanks in advance

Required Information [The following information applies to the questions displayed below.) 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 Office furniture $ 158,00 Machinery 1,560,080 Used delivery truck 48,000 *Not considered a luxury automobile. Date Placed in Service 02/03/2020 07/22/2020 88/17/2020 During 2020, Karane was very successful and had no 5179 limitations) and decided to acquire more assets in 2021 to increase its production capacity. These are the assets acquired during 2021: Asset Computers and information system Luxury autot Assembly equipment Storage building Cost $ 480, eee 80, eee 1,200, eee 780, eea Date Placed in Service 03/31/2021 05/26/2821 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.) Requlred: d. Now assume that during 2021, Karane decides to buy a competitor's assets for a purchase price of $1,350,000. Compute the maximum 2021 cost recovery, including 5179 expense and bonus depreciation. Karane purchased the following assets for the lump- sum purchase price: (Round your final answers to the nearest whole dollar amount.) Asset Inventory Office furniture Machinery Patent Goodwill Building Land Cost $ 220, Bee 230, eee 250, eee 198,eee 2, cea 430, eee 20, eee Date Placed in Service 89/15/2021 09/15/2021 09/15/2021 29/15/2021 09/15/2021 09/15/2021 09/15/2021 Assume that karane takes the maximum section 179 expense for the Assembly Equipment. Description Cost Section 179 Expense Bonus MACRS Basis Current MACRS Depreciation Current Amortization Total Cost Recovery Deduction 2020 Assets $ $ 0 Office Furniture Machinery Used Delivery Truck 2021 Assets 150.000 1.500.000 40.000 710.000 40.000 173.879 12.800 173.879 12.800 Computers and Information System Luxury Auto Assembly Equipment 400.000 80.000 200.000 700.000 80.000 10.000 28,580 2.247 80.000 10.000 1.000.000 2.247 Storage Building Inventory 0 Office Furniture 400.000 80.000 1.200.000 1.000.000 700.000 220,000 230.000 250.000 198.000 2.000 430,000 20.000 $ $ 5.480.000 $ 1.000.000 $ 230.000 250.000 198.000 2.000 430,000 Machinery Patent Goodwill Building Land 32.867 35.725 4.358 44 3.221 32.887 35.725 198.000 44 3.221 0 Totals 0 $ 0 $ 3.240.000 $ $ 383.719 $ $ 0 $ $ 1.548.783

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