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Please calculate the remaining and also show me how it was done. Thank you! Requlred Information [The following information applies to the questions displayed below.]
Please calculate the remaining and also show me how it was done. Thank you!
Requlred Information [The following information applies to the questions displayed below.] Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2022. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2022: *Not considered a luxury automobile. During 2022, Karane was very successful (and had no $179 limitations) and decided to acquire more assets in 2023 to increase its production capacity. These are the assets acquired during 2023 : *Used 100% for business purposes. Karane generated taxable income in 2023 of $1,785,000 for purposes of computing the $179 expense limitation. (Use MACRS Table 1. Table 2, Table 3 , Table 4, Table 5, and Note: Leave no answer blank. Enter zero If applleable. Input all the values as positlve numbers. Requlred: Compute the maximum 2022 depreciation deductions, including $179 expense (ignoring bonus depreciation). Note: Round your flnal answers to neorest whole dollorStep by Step Solution
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