Please calculate the remaining parts and show me the steps of how they have been calculated. Thank you!
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Requlred Informetion [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 Exhibit 10-10.) Note: Leave no answer blank. Enter zero If applicable. Input all the values as positlve numbers. Requlred: Compute the maximum 2022 depreciation deductions, including $179 expense (ignoring bonus depreciation). Note: Round your flinal answers to neorest whole doller. Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2022. In the proces 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 lf appllcable. Input all the values as positive numbers. equlred: Compute the maximum 2023 depreciation deductions, including $179 expense (ignoring bonus depreciation). ote: Round your final enswers to neorest whole doller. 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 Exhibit 10-10.) Note: Leave no answer blank. Enter zero lf appllcable. Input all the values as positive numbers. =quired: Compute the maximum 2023 depreciation deductions, including \$179 expense, but now assume that Karane would like to take onus depreciation. ote: Round your final answers to neorest whole doller. d. Now assume that during 2023, Karane decides to buy a competitor's assets for a purchase price of $1,601,580. Compute the maximum 2023 cost recovery, including $179 expense and bonus depreciation. Karane purchased the following assets for the lumpsum purchase price: Note: Round your final answers to the nearest whole dollar amount. Assume that Karane takes the maximum section 179 expense for the Assembly Equipment. Requlred Informetion [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 Exhibit 10-10.) Note: Leave no answer blank. Enter zero If applicable. Input all the values as positlve numbers. Requlred: Compute the maximum 2022 depreciation deductions, including $179 expense (ignoring bonus depreciation). Note: Round your flinal answers to neorest whole doller. Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2022. In the proces 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 lf appllcable. Input all the values as positive numbers. equlred: Compute the maximum 2023 depreciation deductions, including $179 expense (ignoring bonus depreciation). ote: Round your final enswers to neorest whole doller. 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 Exhibit 10-10.) Note: Leave no answer blank. Enter zero lf appllcable. Input all the values as positive numbers. =quired: Compute the maximum 2023 depreciation deductions, including \$179 expense, but now assume that Karane would like to take onus depreciation. ote: Round your final answers to neorest whole doller. d. Now assume that during 2023, Karane decides to buy a competitor's assets for a purchase price of $1,601,580. Compute the maximum 2023 cost recovery, including $179 expense and bonus depreciation. Karane purchased the following assets for the lumpsum purchase price: Note: Round your final answers to the nearest whole dollar amount. Assume that Karane takes the maximum section 179 expense for the Assembly Equipment
