please decide what is wrong
b. Compute the maximum 2022 depreciation deductions, including $179 expense (ignoring bonus deprecition)
c. Compute the maximum 2022 depreciation deductions, including $179 expense, but now assume that Karane would lil bonus depreciation.
b) d. Now assume that during 2022, Karane decides to buy a competitor's assets for a purchase price of $1,350,000. Compute the maximum 2022 cost recovery, including $179 expense and bonus depreciation. Karan purchased the following assets for the lump. sum purchase price:
Note: Round your final answers to the nearest whole dollar amount.
BLE 2c MACRS Mid Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period ABLE 2d MACRS Mid Quarter Convention: For property placed in senvice during the fourth quarter Depreciation Rate for Recovery Period TABL.F. 3 Residential Reatal Property Mid-Month Convention Straight Line 27.5 Years Assume that Karane takes the maximum section 179 expense for the Assembly Equipment. Required information [The following information applles to the questions displayed below] Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2021. In the process of setting up the business. Karane has acquired various types of assets. Below is a list of assets acquired during 2021 : 'Not considered a luxury automobile. During 2021, Karane was very successful (and had no $179 limitations) and decided to acquire more assets in 2022 to increase its production capacity. These are the assets acquired during 2022: -Used 100% for business purposes. Karane generated taxable income in 2022 of $1,732.500 for purposes of computing the $179 expense limitation, (Use MACRS Iable 1. Table 2. Iable 3. Iable 4. Iable 5, and Exhibit 10-10.) Note: Leave no answer blank. Enter zero if opplicable. Input all the volues os positive numbers. Table 1 MACRS Half-Year Convention \begin{tabular}{|l|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Depreciation Rate for Recovery Period } \\ \hline & 3-Year & 5-Year & 7-Year & 10-Year & 15-Year & 20 - Year \\ \hline Year 1 & 33.33% & 20.00% & 14.29% & 10.00% & 5.00% & 3.750% \\ \hline Year 2 & 44.45 & 32.00 & 24.49 & 18.00 & 9.50 & 7.219 \\ \hline Year 3 & 14.81 & 19.20 & 17.49 & 14.40 & 8.55 & 6.677 \\ \hline Year 4 & 7.41 & 11.52 & 12.49 & 11.52 & 7.70 & 6.177 \\ \hline Year 5 & & 11.52 & 8.93 & 9.22 & 6.93 & 5.713 \\ \hline Year 6 & & 5.76 & 8.92 & 7.37 & 6.23 & 5.285 \\ \hline Year 7 & & & 8.93 & 6.55 & 5.90 & 4.888 \\ \hline Year 8 & & & 4.46 & 6.55 & 5.90 & 4.522 \\ \hline Year 9 & & & & 6.56 & 5.91 & 4.462 \\ \hline Year 10 & & & & 6.55 & 5.90 & 4.461 \\ \hline Year 11 & & & & 3.28 & 5.91 & 4.462 \\ \hline Year 12 & & & & & 5.90 & 4.461 \\ \hline Year 13 & & & & & 5.91 & 4.462 \\ \hline Year 14 & & & & & 5.90 & 4.461 \\ \hline Year 15 & & & & & 5.91 & 4.462 \\ \hline Year 16 & & & & & 2.95 & 4.461 \\ \hline Year 17 & & & & & & 4.462 \\ \hline Year 18 & & & & & & 4.461 \\ \hline Year 19 & & & & & & 4.462 \\ \hline Year 20 & & & & & & 4.461 \\ \hline Year 21 & & & & & & 2.231 \\ \hline \end{tabular} Required: b. Compute the maximum 2022 depreciation deductions, including $179 expense (ignoring bonus depreciation). TABLE 2a MACRS Mid Quarter Convention: For property placed in service during the first quarter TABL.E 2b MACRS Mid Quarter Convention: For properby placed in service during the second quarter c. Compute the maximum 2022 depreciation deductions, Including $179 expense, but now assume that Karane would like to take bonus depreciation. EXHIBrT 10-10 Antoneobile Depreciation Limiss \begin{tabular}{|c|c|c|c|c|} \hline \multirow{2}{*}{RecoveryYear} & \multicolumn{4}{|c|}{ Year Placed in Service } \\ \cline { 2 - 5 } & 2022 & 2021 & 2020 & 2019 \\ \hline 1 & 10,200 & 10,200 & 10,100 & 10,100 \\ \hline 2 & 16,400 & 16,400 & 16,100 & 16,100 \\ \hline 3 & 9,800 & 9,800 & 9,700 & 9,700 \\ \hline 4 and after & 5,860 & 5,860 & 5,760 & 5,760 \\ \hline \end{tabular} BLE 2c MACRS Mid Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period ABLE 2d MACRS Mid Quarter Convention: For property placed in senvice during the fourth quarter Depreciation Rate for Recovery Period TABL.F. 3 Residential Reatal Property Mid-Month Convention Straight Line 27.5 Years Assume that Karane takes the maximum section 179 expense for the Assembly Equipment. Required information [The following information applles to the questions displayed below] Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2021. In the process of setting up the business. Karane has acquired various types of assets. Below is a list of assets acquired during 2021 : 'Not considered a luxury automobile. During 2021, Karane was very successful (and had no $179 limitations) and decided to acquire more assets in 2022 to increase its production capacity. These are the assets acquired during 2022: -Used 100% for business purposes. Karane generated taxable income in 2022 of $1,732.500 for purposes of computing the $179 expense limitation, (Use MACRS Iable 1. Table 2. Iable 3. Iable 4. Iable 5, and Exhibit 10-10.) Note: Leave no answer blank. Enter zero if opplicable. Input all the volues os positive numbers. Table 1 MACRS Half-Year Convention \begin{tabular}{|l|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Depreciation Rate for Recovery Period } \\ \hline & 3-Year & 5-Year & 7-Year & 10-Year & 15-Year & 20 - Year \\ \hline Year 1 & 33.33% & 20.00% & 14.29% & 10.00% & 5.00% & 3.750% \\ \hline Year 2 & 44.45 & 32.00 & 24.49 & 18.00 & 9.50 & 7.219 \\ \hline Year 3 & 14.81 & 19.20 & 17.49 & 14.40 & 8.55 & 6.677 \\ \hline Year 4 & 7.41 & 11.52 & 12.49 & 11.52 & 7.70 & 6.177 \\ \hline Year 5 & & 11.52 & 8.93 & 9.22 & 6.93 & 5.713 \\ \hline Year 6 & & 5.76 & 8.92 & 7.37 & 6.23 & 5.285 \\ \hline Year 7 & & & 8.93 & 6.55 & 5.90 & 4.888 \\ \hline Year 8 & & & 4.46 & 6.55 & 5.90 & 4.522 \\ \hline Year 9 & & & & 6.56 & 5.91 & 4.462 \\ \hline Year 10 & & & & 6.55 & 5.90 & 4.461 \\ \hline Year 11 & & & & 3.28 & 5.91 & 4.462 \\ \hline Year 12 & & & & & 5.90 & 4.461 \\ \hline Year 13 & & & & & 5.91 & 4.462 \\ \hline Year 14 & & & & & 5.90 & 4.461 \\ \hline Year 15 & & & & & 5.91 & 4.462 \\ \hline Year 16 & & & & & 2.95 & 4.461 \\ \hline Year 17 & & & & & & 4.462 \\ \hline Year 18 & & & & & & 4.461 \\ \hline Year 19 & & & & & & 4.462 \\ \hline Year 20 & & & & & & 4.461 \\ \hline Year 21 & & & & & & 2.231 \\ \hline \end{tabular} Required: b. Compute the maximum 2022 depreciation deductions, including $179 expense (ignoring bonus depreciation). TABLE 2a MACRS Mid Quarter Convention: For property placed in service during the first quarter TABL.E 2b MACRS Mid Quarter Convention: For properby placed in service during the second quarter c. Compute the maximum 2022 depreciation deductions, Including $179 expense, but now assume that Karane would like to take bonus depreciation. EXHIBrT 10-10 Antoneobile Depreciation Limiss \begin{tabular}{|c|c|c|c|c|} \hline \multirow{2}{*}{RecoveryYear} & \multicolumn{4}{|c|}{ Year Placed in Service } \\ \cline { 2 - 5 } & 2022 & 2021 & 2020 & 2019 \\ \hline 1 & 10,200 & 10,200 & 10,100 & 10,100 \\ \hline 2 & 16,400 & 16,400 & 16,100 & 16,100 \\ \hline 3 & 9,800 & 9,800 & 9,700 & 9,700 \\ \hline 4 and after & 5,860 & 5,860 & 5,760 & 5,760 \\ \hline \end{tabular}