Karane Enterprises, a calendaryear manufacturer based in College Station, Texas, began business in In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during :
Asset Cost Date Placed in Service
Office furniture $
Machinery
Used delivery truckNote:
Note:Not considered a luxury automobile.
During Karane was very successful and had no limitations and decided to acquire more assets in to increase its production capacity. These are the assets acquired during :
Asset Cost Date Placed in Service
Computers and information system $
Luxury autoNote:
Assembly equipment
Storage building
Note:Used for business purposes.
Karane generated taxable income in of $ for purposes of computing the expense limitationUse MACRS Table Table Table Table Table and Exhibit
Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.
Required:
c Compute the maximum depreciation deductions, including expense, but now assume that Karane would like to take bonus depreciation.
Note: Round your final answers to nearest whole dollar.