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Rcyulicu ULTITALIUM (The following information applies to the questions displayed below] Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2018.
Rcyulicu ULTITALIUM (The following information applies to the questions displayed below] Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2018. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2018: $ Asset Office Furniture Machinery Used delivery truck Cost 150.000 1.560.ee 48,888 Date Placed in Service 02/03/2018 07/22/2018 08/17/2018 "Not considered a luxury automobile. During 2018, Karane was very successful and had no $179 limitations, and decided to acquire more assets in 2019 to Increase its production capacity. These are the assets acquired during 2019: Asset Computers & Info. system Luxury autot Assembly equipment Storage building Cost $ 460, eee 39.820 1,282,880 789.880 Date Placed in Service 03/31/2019 05/26/2019 88/15/2019 11/13/2019 TUsed 100% for business purposes. Karane generated taxable income in 2019 of $1.732.500 for purposes of computing the $179 expense. (Use MACRS Table 1. Table 2. Table 3. Table 4, Table 5, and Exhibit 10-10.) (Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.) a. Compute the maximum 2018 depreciation deductions, including 6179 expense (Ignoring bonus depreciation). Total Description Cost $179 Expense MACRS Basis Current MACRS Depreciation Depreciation Deduction Office furniture Machinery Delivery truck Totals 0 $ 0 $ 0 $ 0 Rcyulicu ULTITALIUM (The following information applies to the questions displayed below] Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2018. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2018: $ Asset Office Furniture Machinery Used delivery truck Cost 150.000 1.560.ee 48,888 Date Placed in Service 02/03/2018 07/22/2018 08/17/2018 "Not considered a luxury automobile. During 2018, Karane was very successful and had no $179 limitations, and decided to acquire more assets in 2019 to Increase its production capacity. These are the assets acquired during 2019: Asset Computers & Info. system Luxury autot Assembly equipment Storage building Cost $ 460, eee 39.820 1,282,880 789.880 Date Placed in Service 03/31/2019 05/26/2019 88/15/2019 11/13/2019 TUsed 100% for business purposes. Karane generated taxable income in 2019 of $1.732.500 for purposes of computing the $179 expense. (Use MACRS Table 1. Table 2. Table 3. Table 4, Table 5, and Exhibit 10-10.) (Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.) a. Compute the maximum 2018 depreciation deductions, including 6179 expense (Ignoring bonus depreciation). Total Description Cost $179 Expense MACRS Basis Current MACRS Depreciation Depreciation Deduction Office furniture Machinery Delivery truck Totals 0 $ 0 $ 0 $ 0
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