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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 acqulred varlous 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 Exhlblt 10-10.)
Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.
Required:
a. Compute the maximum 2022 depreclation deductions, Including $179 expense (Ignoring bonus depreclation).
Note: Apply the $179 deduction to the most expensive eliglble asset first.!
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 acqulred varlous types of assets. Below is a list of assets acquired during 2022 :
"Not considered a luxury automobile.
Durling 2022, Karane was very successful (and had no $179 limitations) and decided to acqulre 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 Exhlblt 10-10.)
Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.
Required:
a. Compute the maximum 2022 depreclation deductions, Including $179 expense (Ignoring bonus depreclation).
Note: Apply the $179 deductlon to the most expensive eligible asset first.
Answer is complete but not entirely correct.
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