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Required information [ The following information applies to the questions displayed below. ] Karane Enterprises, a calendar - year manufacturer based in College Station, Texas,

Required information
[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 $1,795,000 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.
Required:
Compute the maximum 2022 depreciation deductions, including $179 expense (ignoring bonus depreciation).
Note: Apply the 179 deduction to the most expensive eligible asset first. Round your final answers to nearest whole dollar.
b. Compute the maximum 2023 depreclation deductions, Including $179 expense (ignoring bonus depreciation).
Note: Round your final answers to nearest whole dollar.
Required:
c. Compute the maximum 2023 depreciation deductions, including $179 expense, but now assume that Karane would like to take
bonus depreciation.
Note: Round your final answers to nearest whole dollar.
d. Now assume that during 2023, Karane decides to buy a competitor's assets for a purchase price of $1,649,500. Compute the
maximum 2023 cost recovery, including $179 expense and bonus depreciation. Karane purchased the following assets for the lump-
sum purchase price:
Note: Round your final answers to the nearest whole dollar amount.
Assume that Karane takes the maximum section 179 expense for the Assembly Equipment.
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