Asset Inventory Office furniture Machinery Patent Goodwill d Building Land Cost Date Placed in Service 09/15/2023...

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Asset Inventory Office furniture Machinery Patent Goodwill d Building Land Cost Date Placed in Service 09/15/2023 $ 270,000 280,000 09/15/2023 300,000 09/15/2023 243,000 09/15/2023 6,500 09/15/2023 480,000 70,000 09/15/2023 09/15/2023 Assume that Karane takes the maximum section 179 expense for the Assembly Equipment. Description 2022 Assets Office Furniture Machinery Used Delivery Truck Cost Section 179 Expense Bonus MACRS Basis Current MACRS Depreciation Current Amortization Total Cost Recovery Deduction $ 400,000 $ 0 $ 1,810,000 0 90,000 0 000 $ 400,000 $ 97,960 0 90,000 0 $ 97,960 0 0 28,800 0 28,800 2023 Assets Computers and Information System 450,000 0 450,000 x 0 0 450,000 Luxury Auto 92,500 Assembly Equipment 1,450,000 1,160,000 Storage Building 800,000 0 Inventory 270,000 8,000 1,450,000 x 0 0 84,500 0 8,000 0 0 2,610,000 800,000 0 0 0 0 0 0 Office Furniture 280,000 0 280,000 x 0 0 280,000 Machinery 300,000. 0 300,000 0x 300,000 Patent Goodwill Building Land 243,000 0 0 0 0 0 6,500 0 0 0 0 0 480,000 0 480,000 0 0 70,000 0 0 0 0 0 0 Totals $ 6,742,000 $ 1,160,000 $ 2,488,000 $ 1,854,500 $ 126,760 0 $ 3,774,760 Asset Inventory Office furniture Machinery Patent Goodwill d Building Land Cost Date Placed in Service 09/15/2023 $ 270,000 280,000 09/15/2023 300,000 09/15/2023 243,000 09/15/2023 6,500 09/15/2023 480,000 70,000 09/15/2023 09/15/2023 Assume that Karane takes the maximum section 179 expense for the Assembly Equipment. Description 2022 Assets Office Furniture Machinery Used Delivery Truck Cost Section 179 Expense Bonus MACRS Basis Current MACRS Depreciation Current Amortization Total Cost Recovery Deduction $ 400,000 $ 0 $ 1,810,000 0 90,000 0 000 $ 400,000 $ 97,960 0 90,000 0 $ 97,960 0 0 28,800 0 28,800 2023 Assets Computers and Information System 450,000 0 450,000 x 0 0 450,000 Luxury Auto 92,500 Assembly Equipment 1,450,000 1,160,000 Storage Building 800,000 0 Inventory 270,000 8,000 1,450,000 x 0 0 84,500 0 8,000 0 0 2,610,000 800,000 0 0 0 0 0 0 Office Furniture 280,000 0 280,000 x 0 0 280,000 Machinery 300,000. 0 300,000 0x 300,000 Patent Goodwill Building Land 243,000 0 0 0 0 0 6,500 0 0 0 0 0 480,000 0 480,000 0 0 70,000 0 0 0 0 0 0 Totals $ 6,742,000 $ 1,160,000 $ 2,488,000 $ 1,854,500 $ 126,760 0 $ 3,774,760