Required Information [The following information applles to the questions displayed below.] Karane...

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Accounting

Required Information
[The following information applles to the questions displayed below.]
Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2021. In the process of setting up the business, Karane has acquired varlous types of assets. Below is a list of assets acquired during 2021:
\table[[Asset,cost,\table[[Date Placed in],[Service]]],[office furniture,$400,00\Theta ,82/\theta 3/2021],[Machinery,1,610,000,87/22/2021],[Used delivery truck*,90,000,\theta 8/17/2021]]
*Not considered a luxury automobile.
During 2021, Karane was very successful (and had no $179 limitations) and decided to acquire more assets in 2022 to Increase its production capacity. These are the assets acquired during 2022 :
\table[[Asset,,Date Placed in],[Computers and information system,$450,\theta 0,Service],[Luxury auto*,92,500,05/31/2022],[Assembly equipment,1,450,000,08/15/2022],[Storage building,800,00,11/13/2022]]
*Used 100% for business purposes.
Karane generated taxable Income in 2022 of $1,795,000 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 positlve numbers.
Required:
c. Compute the maximum 2022 depreclation deductions, Including $179 expense, but now assume that Karane would like to take bonus depreclation.
\table[[Description,Cost,\table[[Section],[179],[Expense]],Bonus,\table[[MACRS],[Basis]],\table[[Current],[MACRS],[Depreciation]],\table[[Total Cost],[Recovery],[Deduction]]],[2021 Assets],[Machinery,1,610,000,1,000,000x,x,610,000x,x,0],[Used Delivery Truck,90,000,0,x,90,000,18,000\times ,18,000],[Computers and Information System,450,000,0,x,450,000\times ,x,0],[Luxury Auto,92,500(\gamma ,0(\gamma ),x,92,500\times ,x,0],[Assembly Equipment,1,450,000,1,000,000\times ,\times ,450,000x,x,1,000,000],[Storage Building,800,000,0\Omega ,\times ,800,000,x,0],[Total,$4,892,500,$2,000,000,0,$2,892,500,75,160,$1,075,160]]
*Red text inclicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted.
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