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 2019. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2019 Date Placed in Asset Cost Service Office Furniture $ 15e,eee 02/03/2019 Machinery 1,560,000 87/22/2019 used delivery truck 48,080 08/17/2019 "Not considered a luxury automobile. During 2019, Karane was very successful (and had no $179 limitations) and decided to acquire more assets in 2020 to increase its production capacity. These are the assets acquired during 2020 Asset Computers & Info. system Luxury autot Assembly equipment Storage building Cost $ 400,00 80,000 1,200,000 780,000 Date Placed in Service 83/31/2020 05/26/2020 88/15/2020 11/13/2020 Tused 100% for business purposes Karane generated taxable income in 2020 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 Exhibit 10-10.) (Leave no answer blank. Enter zero If applicable. Input all the values as positive numbers.) a. Compute the maximum 2019 depreciation deductions, including $179 expense (ignoring bonus depreciation), Answer is complete but not entirely correct. Description Cost Office furniture Machinery Delivery truck Total 2010 Cost Recovery 15 150,000 1,560,000 40.000 $ 1,750,000 5179 MACRS Expense OS 150.000 1,020,000 540.000 0 40.000 $ 1,020,000 $ 730,000 Current Total Cost MACRS Recovery Depreciation Deduction 0 0 77.143 1,097.143 03 O 77.143 $ 1,007,143