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[ The following information applies to the questions displayed below. ] Karane Enterprises, a calendar - year manufacturer based in College Station, Texas, began business

[The following information applies to the questions displayed below.]
Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2022. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2022:
Asset Cost Date Placed in Service
Office furniture $ 150,00002/03/2022
Machinery 1,560,00007/22/2022
Used delivery truck*Note: 40,00008/17/2022
*Note:Not considered a luxury automobile.
During 2022, Karane was very successful (and had no 179 limitations) and decided to acquire more assets in 2023 to increase its production capacity. These are the assets acquired during 2023:
Asset Cost Date Placed in Service
Computers and information system $ 400,00003/31/2023
Luxury auto*Note: 80,00005/26/2023
Assembly equipment 1,200,00008/15/2023
Storage building 700,00011/13/2023
*Note:Used 100% for business purposes.
Karane generated taxable income in 2023 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.)
Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.
Required:
d. Now assume that during 2023, Karane decides to buy a competitor's assets for a purchase price of $1,350,000. Compute the maximum 2023 cost recovery, including 179 expense and bonus depreciation. Karane purchased the following assets for the lump-sum purchase price:
Note: Round your final answers to the nearest whole dollar amount.
Asset Cost Date Placed in Service
Inventory $ 220,00009/15/2023
Office furniture 230,00009/15/2023
Machinery 250,00009/15/2023
Patent 198,00009/15/2023
Goodwill 2,00009/15/2023
Building 430,00009/15/2023
Land 20,00009/15/2023
Assume that Karane takes the maximum section 179 expense for the Assembly Equipment.
All filled in answers are correct. Do not fill in answers with 0's. if they were correct and 0 why would you think im asking for help. please fill in correctly. thanks.
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