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 2018. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2018: Asset Office furniture Machinery Used delivery truck* Date Placed in Cost Service $ 150,000 02/03/2018 1,560,009 07/22/2018 40,000 08/17/2018 *Not considered a luxury automobile. During 2018, Karane was very successful and had no 5179 limitations) and decided to acquire more assets in 2019 to increase its production capacity. These are the assets acquired during 2019 Asset Computers & info. system Luxury autot Assembly equipment Storage building Date Placed in Cost Service $ 489,880 03/31/2019 80,000 05/26/2019 1,200,009 08/15/2019 789,800 11/13/2019 Used 100% for business purposes. Karane generated taxable income in 2019 of $1,732,500 for purposes of computing the 5179 expense (Use MACRS Table 1. Table 2. Table 3, Table 4. Table 5, and Exhibit 10-10.) (Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.) b. Compute the maximum 2019 depreciation deductions, including 5179 expense (ignoring bonus depreciation). Description Cost Sec 179 Expense MACRS Basis Current MACRS Total Depreciation Karane generated taxable income in 2019 of $1,732,500 for purposes of computing the $179 expense. Table 1. Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.) (Leave no answer blank. Enter zero if app the values as positive numbers.) b. Compute the maximum 2019 depreciation deductions, including $179 expense (ignoring bonus depreciatior es Description Cost Sec. 179 Expense MACRS Basis Current MACRS Depreciation Total D epreciation Deduction $ $ of $ 2018 Assets Office furniture Machinery Used delivery truck 150,000 1,560,000 40,000 150,000 560,000 40,000 or 2019 Assets Computers & Info. System Luxury Auto Assembly Equipment Storage Building 400,000 80,000 1,200,000 700,000 Totals $ 4,130,000 $ 0 $ 750,000 $ 0p c. Compute the maximum 2019 depreciation deductions, including $179 expense, but now assume that Karane would like to take bonus depreciation Description Cost Sec. 179 Expense Bonus MACRS Basis Current MACRS Depreciation Total Depreciation Deduction 2018 Assets Office furniture Machinery Used delivery truck 2019 Assets Computers & Info System Luxury Auto Assembly Equipment Storage Building Totals S 0 5 0 5 0 5 0 5