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Please match the outline shown in the second picture. Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2017. In the
Please match the outline shown in the second picture. Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2017. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2017: Date Placed in Service Asset Cost Office furniture Machinery Used delivery truck s 150,eee 2/03/2017 1,560,e00 7/22/2817 40,e00 e8/17/2817 Not considered a luxury automobile During 2017, Karane was very successful (and had no $179 limitations) and decided to acquire more assets this next year to increase its production capacity These are the assets acquired during 2018 Date Placed in Service s 400,eee 3/31/2018 80,000e5/26/2018 1,200,000 8/15/2018 78e,eee 11/13/218 Asset Cost Computers &info. system Luxury autot Assembly equipment Storage building a. Compute the maximum 2017 depreciation deductions including $179 expense (ignoring bonus depreciation). Current Total Cost $179 Expense MACRS Basis MACRS Dopreciation Depreciation Deduction Description Office furniture Machinery Delivery truck Totals
Please match the outline shown in the second picture.
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