please please help im so confused
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 5179 expense limitation. (Use MACRS Lable 1. Iable 2. Table 3. Table 4. Table 5, and Exhiblt 10-10.) Note: Leove no onswer blonk. Enter zero if applicable. Input all the values as positive numbers. Required: e. Complete Karane Enterprises's Form 4562 for part (b). (Use 2022 tax rules regardless of year on tax form. Do not skip rows when entering property under line item 26 of Form 4562. Assets ocquired during 2021 have to be entered under Section B part of Form 4562 , page 1.) Part I Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part I. 1) Required information (1) Required information THIS FORM IS A SIMULATION OF AN OFFICIAL U.5. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 92022 MeGraw.HII Edueation. Form 4662 PG 2> Part V Listed Property (include aulomobites, certain other vehicles, cetain aircat, and properfy used for entertainment, recreation, or amusement) Section B-Information on Use of Vehicles Complete this section for vehicles used by a sole propietor, partner, of other "more than 5% omner," or related person. If you provided veficles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles secuon C-4uestions tor tmpioyers who rrovide venicies tor use by ineir tmployees Answer these questions to delermine it you meet an exception to completing section B for vehicles used ty employees who arent more than 5 to ouners or rolated persons see. insitudions 37 Do you maintain a witten poticy statement that prohbits al pessonal use of venicles, including comruting, by your employees? 3a Do you maintain a witteen poicy statenent trat pronibes personal use of vehicles, except commuling. by your employees? See the instrucions for vehices used by colporate offces, orectons, or 1% of more owness. 39 Do you treat at use of vehices by employees as persconal use? 40 Do you provise more than five vehicles to your engioyees, cotain intormation from your employees about the use of the vehicles, and retain the information received 41 Do you meet the requernents concening quathed tutomobife demonstration use? See inctucions 38 Do you maintan a written poicy statement that protibits personal use of vehicles, except commuting, by your employees? See the insinucions tor vehicles used by corporate officess, directos, or 1% or more omners 39 Do you treat at use of vehices by employees as personal use? 40 Do you provide more than tive vehicles to your employees, obtain inforriation trom your employees about the use of the vehicies, and retain the intormation received? 41 Do you meet the requirements concerning quaiffed astomobie demonstration use? See instructions Note: If your answer to 37,38,39,40,041 is "Yes, "oont complete Secton B for the covered veholes. THIS FORM IS A SMULATION OF AN OFFICIAL U.5. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL 6 2022 MCGTaWHIII EdUCabON. 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 5179 expense limitation. (Use MACRS Lable 1. Iable 2. Table 3. Table 4. Table 5, and Exhiblt 10-10.) Note: Leove no onswer blonk. Enter zero if applicable. Input all the values as positive numbers. Required: e. Complete Karane Enterprises's Form 4562 for part (b). (Use 2022 tax rules regardless of year on tax form. Do not skip rows when entering property under line item 26 of Form 4562. Assets ocquired during 2021 have to be entered under Section B part of Form 4562 , page 1.) Part I Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part I. 1) Required information (1) Required information THIS FORM IS A SIMULATION OF AN OFFICIAL U.5. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. 92022 MeGraw.HII Edueation. Form 4662 PG 2> Part V Listed Property (include aulomobites, certain other vehicles, cetain aircat, and properfy used for entertainment, recreation, or amusement) Section B-Information on Use of Vehicles Complete this section for vehicles used by a sole propietor, partner, of other "more than 5% omner," or related person. If you provided veficles to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles secuon C-4uestions tor tmpioyers who rrovide venicies tor use by ineir tmployees Answer these questions to delermine it you meet an exception to completing section B for vehicles used ty employees who arent more than 5 to ouners or rolated persons see. insitudions 37 Do you maintain a witten poticy statement that prohbits al pessonal use of venicles, including comruting, by your employees? 3a Do you maintain a witteen poicy statenent trat pronibes personal use of vehicles, except commuling. by your employees? See the instrucions for vehices used by colporate offces, orectons, or 1% of more owness. 39 Do you treat at use of vehices by employees as persconal use? 40 Do you provise more than five vehicles to your engioyees, cotain intormation from your employees about the use of the vehicles, and retain the information received 41 Do you meet the requernents concening quathed tutomobife demonstration use? See inctucions 38 Do you maintan a written poicy statement that protibits personal use of vehicles, except commuting, by your employees? See the insinucions tor vehicles used by corporate officess, directos, or 1% or more omners 39 Do you treat at use of vehices by employees as personal use? 40 Do you provide more than tive vehicles to your employees, obtain inforriation trom your employees about the use of the vehicies, and retain the intormation received? 41 Do you meet the requirements concerning quaiffed astomobie demonstration use? See instructions Note: If your answer to 37,38,39,40,041 is "Yes, "oont complete Secton B for the covered veholes. THIS FORM IS A SMULATION OF AN OFFICIAL U.5. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL 6 2022 MCGTaWHIII EdUCabON