76. 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 Cost Date Placed in Service Office furniture $ 150,000 02/03/2018 Machinery 1,560,000 07/22/2018 Used delivery truck* 40,000 08/17/2018 *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 Cost Date Placed in Service Computers & info. system $ 40,000 03/31/2019 Luxury auto* 80,000 05/26/2019 Assembly equipment 1,200,000 08/15/2019 Storage building 700,000 11/13/2019 *Used 100% for business purposes.
Karane generated taxable income in 2019 of $1,732,500 for purposes of computing the §179 expense limitation.
Required

a. Compute the maximum 2018 depreciation deductions, including §179 expense (ignoring bonus depreciation).

b. Compute the maximum 2019 depreciation deductions, including §179 expense (ignoring bonus depreciation).

c. Compute the maximum 2019 depreciation deductions, including §179 expense, but now assume that Karane would like to take bonus depreciation.

d. Now assume that during 2019, Karane decides to buy a competitor’s assets for a purchase price of $1,350,000. Compute the maximum 2019 cost recovery, including §179 expense and bonus depreciation. Karane purchased the following assets for the lump-sum purchase price:
Asset Cost Date Placed in Service Inventory $220,000 09/15/2019 Office furniture 230,000 09/15/2019 Machinery 250,000 09/15/2019 Patent 198,000 09/15/2019 Goodwill 2,000 09/15/2019 Building 430,000 09/15/2019 Land 20,000 09/15/2019

e. Complete Part I of Form 4562 for part

(b) (use the most current form available).