Required Information [The following information applies to the questions displayed below.] Karane Enterprises, a calendar-year...
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Required Information [The following information applies to the questions displayed below.] Karane Enterprises, a calendar-year manufacture tbased in College Station, Texas, began business in 2022. In the process Karane Enterprises, a calendar-year manufacture "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 copacity. These are the assets acquired during 2023: Used 100% for business purposes. Karane generated taxable income in 2023 of $1,792,500 for purposes of computing the $179 expense limitation. (Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.) b. Compute the maximum 2023 depreciation deductions, including $179 expense (ignoring bonus depreciation). Note: Round your final answers to nearest whole dollar
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