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Required information Comprehensive Problem 1 0 - 7 6 ( LO 1 0 - 1 , LO 1 0 - 2 , LO 1 0

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Comprehensive Problem 10-76(LO 10-1, LO 10-2, LO 10-3, LO 10-4, LO 10-5)(Static)
[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 $179 limitations) and decided to acquire more assets in 2023 to
increase its production capacity. These are the assets acquired during 2023:
*Used 100% for business purposes.
Karane generated taxable income in 2023 of $1,732,500 for purposes of computing the $179 expense limitation.(Use
MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.)
Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.
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