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roblems 1.6 Required information The following information applies to the questions displayed below! Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business

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roblems 1.6 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 Cost in Service 150,000 02/03/2018 1.560.000 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 & into. system Luxury autot Assembly equipment Storage building Date Placed Cost in Service 400.000 03/31/2019 80,000 05/26/2019 1,200,000 08/15/2019 700,000 11/13/2019 tUsed 100% for business purposes. Karane generated taxable income in 2019 of $1,732,500 for purposes of computing the 5179 expense (Use MACRS Table Table 2. Table Table 4. Table 5. and Exhibit 10.10.) (Leave no answer blank. Enter rero if applicable. Input all the values as positive numbers.) c. Compute the maximum 2019 depreciation deductions, including 5179 expense, but now assume that Karane would ke to take bonus depreciation Description MACRS Sec. 179 Cost Reus Bonus Current MACRS Deprecia Depreciation Deduction Expense 2018 Assets Otice furniture Machinery Used delivery truck 2019 Assets Computers & Info System Luxury Auto Assembly Equipment Storage Building 0 $ 0 $ 0

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