[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: Date Placed in Asset Cost Service Office furniture 02/03/2018 Machinery Used delivery truck* 08/17/2018 $ 150,000 1,560,000 40,000 07/22/2018 *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 Computers & info. system Luxury autot Assembly equipment Storage building Cost $ 400,000 80,000 1,200,000 700,000 Date Placed in Service 03/31/2019 05/26/2019 08/15/2019 /13/2019 Used 100% for business purposes. Karane generated taxable income in 2019 of $1,732,500 for purposes of computing the 5179 expense. (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 2018 depreciation deductions, including $179 expense (ignoring bonus depreciation). Description Cost 5179 Expense MACRS Basis Current MACRS Depreciation Total Depreciation Deduction $ 0 0 Office furniture Machinery Delivery truck Totals 0 $ 0 $ 0 $ S 0 b. Compute the maximum 2019 depreciation deductions, including $179 expense (ignoring bonus depreciation). Description Cost Sec. 179 Expense MACRS Basis Current MACRS Depreciation Total Depreciation Deduction 2018 Assets Office furniture $ 0 0 Machinery Used delivery truck 0 0 2019 Assets Computers & Info. System Luxury Auto Assembly Equipment Storage Building 0 0 0 Totals $ 0 $ 0 0 $ [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: Date Placed in Asset Cost Service Office furniture 02/03/2018 Machinery Used delivery truck* 08/17/2018 $ 150,000 1,560,000 40,000 07/22/2018 *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 Computers & info. system Luxury autot Assembly equipment Storage building Cost $ 400,000 80,000 1,200,000 700,000 Date Placed in Service 03/31/2019 05/26/2019 08/15/2019 /13/2019 Used 100% for business purposes. Karane generated taxable income in 2019 of $1,732,500 for purposes of computing the 5179 expense. (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 2018 depreciation deductions, including $179 expense (ignoring bonus depreciation). Description Cost 5179 Expense MACRS Basis Current MACRS Depreciation Total Depreciation Deduction $ 0 0 Office furniture Machinery Delivery truck Totals 0 $ 0 $ 0 $ S 0 b. Compute the maximum 2019 depreciation deductions, including $179 expense (ignoring bonus depreciation). Description Cost Sec. 179 Expense MACRS Basis Current MACRS Depreciation Total Depreciation Deduction 2018 Assets Office furniture $ 0 0 Machinery Used delivery truck 0 0 2019 Assets Computers & Info. System Luxury Auto Assembly Equipment Storage Building 0 0 0 Totals $ 0 $ 0 0 $