Question: Comprehensive Problem 1 0 - 7 6 ( LO 1 0 - 1 , LO 1 0 - 2 , LO 1 0 - 3

Comprehensive Problem 10-76(LO 10-1, LO 10-2, LO 10-3, LO 10-4, LO 10-5)(Algo) TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter
TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter
TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter
[The following information applies to the questions displayed below.]
Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2022. In the
process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired
during 2022 :
*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 capacity. These are the assets acquired during 2023 :
*Used 100% for business purposes.
Karane generated taxable income in 2023 of $1,757,500 for purposes of computing the 179 expense limitation.
(Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.)
Note: Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.
Comprehensive Problem 10-76 Part c (Algo)
Required:
c. Compute the maximum 2023 depreciation deductions, including $179 expense, but now assume that Karane would like to take
bonus depreciation.
Note: Round your final answers to nearest whole dollar.
 Comprehensive Problem 10-76(LO 10-1, LO 10-2, LO 10-3, LO 10-4, LO

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