Required information Comprehensive Problem 10-76 (LO 10-1, LO 10-2, LO 10-3, LO 10-4, LO 10-5) (Algo) [The following information applies to the questions displayed below.] Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2020. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2020: Cost Date Placed in Service Asset Office furniture$ 230,000 02/03/2020 Machinery Used delivery truck* 1,576,000 07/22/2020 56,000 08/17/2020 *Not considered a luxury automobile. During 2020, Karane was very successful (and had no 179 limitations) and decided to acquire more assets in 2021 to increase its production capacity. These are the assets acquired during 2021: Date Placed in Asset Computers and Cost Service $416,000 03/31/2021 information system Luxury autot 84,000 05/26/2021 Assembly equipment 1,280,000 08/15/2021 Storage building 900,000 11/13/2021 Used 100% for business purposes. Karane generated taxable income in 2021 of $1,752,500 for purposes of computing the $179 expense limitation. (Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.) (Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.) omprehensive Problem 10-76 Part c (Algo) =quired: Compute the maximum 2021 depreciation deductions, including $179 expense, but now assume that Karane would e to take bonus depreciation. Description Cost Section 179 Expense Bonus MACRS Basis Current Total Cost MACRS Recovery Depreciation Deduction 2020 Assets Office Furniture $ 230,000 $ 0 Machinery 1,576,000 0 Used Delivery Truck 56,000 0 2021 Assets Computers and 416,000 0 nformation System Luxury Auto 84,000 0 Assembly Equipment 1,280,000 0 Storage Building 900,000 0 $ Total $ 0 $ 0 $ 0 $ 0 $ 0 4,542,000