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Requlred 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
Requlred 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 $179 IImitations) 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 $1,790,000 for purposes of computing the $179 expense lImitation. (Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhiblt 10-10.) Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers. Requlred: Compute the maximum 2021 depreciation deductions, Including \$179 expense (Ignoring bonus depreclation)
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