Required Information

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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 $2021$:

$\backslash$table$[[$Asset$,$Cost,$\backslash$table$[[$Date Placed in$],[$Service

b$.$ Compute the maximum $2022$ depreciation deductions, including $$179$ expense $($ignoring bonus depreciation$).$

Answer is complete but not entirely correct.

$\backslash$table$[[$Description$,$Cost,$\backslash$table$[[$Section$],[179],[$Expense$]],\backslash$table$[[$MACRS$],[$Basis$]],\backslash$table$[[$Current$],[$MACRS$],[$Depreciation$]],\backslash$table$[[$Total Cost$],[$Recovery$],[$Deduction$]]],[2021$ Assets$],[$Office furniture,$$,360,000,00,$$$=360,000,88,164,88,164],[$Machinery$,1,602,000,00,592,000x,144,981,144,981],[$Used delivery truck,$82,000,00,82,000,26,240,26,240],[2022$ Assets,$2.,,+,,],[\backslash$table$[[$Computers and information$],[$System$]],442,000,00,442,000,88\mathrm{.}400.,88,400],[$Luxury Auto,$90,500,00,90,500,11\mathrm{.}426,11\mathrm{.}426],[$Assembly Equipment,$1,410,000ox,1,020,000x,390,000,55,731,1\mathrm{.}075731],[$Storage Building,$700,000,00,700,000,2,247,2,247],[$Total$,$$ $4\mathrm{.}686,500,$$ $1,020,000,$$ $2,656,500,417,189,$$ $1,437,189]]],[$office furniture,$$360,000,\frac{2}{}\frac{3}{2021}$