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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	Cost		Date Placed in Service
Office furniture	$	150,000	02/03/2018
Machinery		1,560,000	07/22/2018
Used delivery truck*		40,000	08/17/2018

*Not considered a luxury automobile.

During 2018, Karane was very successful (and had no 179 limitations) and decided to acquire more assets in 2019 to increase its production capacity. These are the assets acquired during 2019:

Asset	Cost		Date Placed in Service
Computers & info. system	$	400,000	03/31/2019
Luxury auto		80,000	05/26/2019
Assembly equipment		1,200,000	08/15/2019
Storage building		700,000	11/13/2019

Used 100% for business purposes.

Karane generated taxable income in 2019 of $1,732,500 for purposes of computing the 179 expense. Assume the 2018 179 limits are the same as those in 2019.(Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.)

d. Now assume that during 2019, Karane decides to buy a competitor's assets for a purchase price of $1,350,000. Compute the maximum 2019 cost recovery, including $179 expense and bonus depreciation. Karane purchased the following assets for the lump- sum purchase price. (Round your final answers to the nearest whole dollar amount.) Date Placed in Service 09/15/2019 09/15/2019 09/15/2019 09/15/2019 09/15/2019 09/15/2019 09/15/2019 Asset Cost Inventory office furniture Machinery $220,000 230,000 250,000 198,000 2,000 430,000 20,000 Patent Goodwill Building Land Current Total Sec. 179 Description Cost Bonus MACRS Basis MACRS Depreciation Deduction Expense Depreciation 2018 Assets Office furniture Machinery Used delivery truck 2019 Assets Computers & Info. System Luxury Auto Assembly Equipment 0 Storage Building Inventory Office Furniture Machinery Patent Goodwill Building Land Totals d. Now assume that during 2019, Karane decides to buy a competitor's assets for a purchase price of $1,350,000. Compute the maximum 2019 cost recovery, including $179 expense and bonus depreciation. Karane purchased the following assets for the lump- sum purchase price. (Round your final answers to the nearest whole dollar amount.) Date Placed in Service 09/15/2019 09/15/2019 09/15/2019 09/15/2019 09/15/2019 09/15/2019 09/15/2019 Asset Cost Inventory office furniture Machinery $220,000 230,000 250,000 198,000 2,000 430,000 20,000 Patent Goodwill Building Land Current Total Sec. 179 Description Cost Bonus MACRS Basis MACRS Depreciation Deduction Expense Depreciation 2018 Assets Office furniture Machinery Used delivery truck 2019 Assets Computers & Info. System Luxury Auto Assembly Equipment 0 Storage Building Inventory Office Furniture Machinery Patent Goodwill Building Land Totals