! 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 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: Date Placed in Asset Office furniture Machinery Used delivery truck* Cost Service $ 220,000 1,574,000 54,000 02/03/2021 07/22/2021 08/17/2021 *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: Date Placed in Asset Cost Service Computers and information system Luxury auto* Assembly equipment Storage building $ 414,000 83,500 1,270,000 800,000 03/31/2022 05/26/2022 08/15/2022 11/13/2022 *Used 100% for business purposes. Karane generated taxable income in 2022 of $1,750,000 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: d. Now assume that during 2022, Karane decides to buy a competitor's assets for a purchase price of $1,433,860. Compute the maximum 2022 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. Date Placed in Service 09/15/2022 Asset Inventory Cost $ 234,000 Office furniture 244,000 09/15/2022 Machinery 264,000 09/15/2022 Patent 210,600 09/15/2022 3,260 09/15/2022 444,000 09/15/2022 34,000 09/15/2022 Goodwill Building Land Assume that Karane takes the maximum section 179 expense for the Assembly Equipment. Land 34,000 09/15/2022 Assume that Karane takes the maximum section 179 expense for the Assembly Equipment. 2021 Assets Description Office Furniture Machinery Used Delivery Truck 2022 Assets Computers and Information System Luxury Auto Assembly Equipment Storage Building Inventory Office Furniture Machinery Patent Goodwill Building Land Totals Cost Section 179 Expense Bonus MACRS Basis Current MACRS Depreciation Current Amortization Total Cost Recovery Deduction $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $ 0 $ 0 $ 0 $ 0 $ 0 0