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Please compute requirement d. d. Now assume that during 2023 , Karane decides to buy a competitor's assets for a purchase price of $1,361,980. Compute
Please compute requirement d.
d. Now assume that during 2023 , Karane decides to buy a competitor's assets for a purchase price of $1,361,980. Compute the maximum 2023 cost recovery, including $179 expense and bonus depreciation. Karane purchased the following assets for the lump-sum purchase price: Note: Round your final answers to the nearest whole dollar amount. [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 5179 limitations) and decided to acqune more assets in 2023 to increase its production capacity These are the assets acquired during 2023 Used 100% for business purposes
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