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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, began business in 2021

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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, 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: "Not considered a luxury automobile. During 2021, Karane was very successful (and had no 5179 limitations) and decided to acquire more assets in 2022 to increase its production capacity. These are the assets acquired during 2022: -Used 100\% for business purposes. Karane generated taxable income in 2022 of $1,732,500 for purposes of computing the $179 expense limitation. (Use MACRS Table 1, Table 2. Table 3, Toble 4. Table 5, and Exhibit 10-10.) Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers. TABLE 3 Residential Rental Property Mid-Moeth Cenvention Straight Line-27.5 Vears c. Compute the maximum 2022 depreciation deductions, including $179 expense, but now assume that Karane would like to take bonus depreciation. 1ABLE La MACKS Mid-Quarter Convention: For property placed in servic TABLE 2b MACRS Mid-Quarter Convention: For property placed in servic TABLE. 2c MACRS Mid-Quarter Convention: For property placed in service Table 1 MACRS Half-Year Convention EXHIBIT 10-10 Automebile Depreciation Limits -As of press date, the IRS had nor released the 2022 limitations for automobiles, so throughout the chapter we use the same limitations as in 2021 for 202 *\$\$,000 additional depreciation is allowed when bonas depreciation is claimed ($165(k)(2)(F)). CABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter

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