Comprehensive Problem 10-76 (LO 10-1, LO 10-2, LO 10-3, LO 10-4, LO 10-5) (Algo) Skip to question [The following information applies 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 various types of assets. Below is a list of assets acquired during 2021: Asset Cost Date Placed in Service Office furniture $ 200,000 02/03/2021 Machinery 1,570,000 07/22/2021 Used delivery truck* 50,000 08/17/2021 *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: Asset Cost Date Placed in Service Computers and information system $ 410,000 03/31/2022 Luxury auto* 82,500 05/26/2022 Assembly equipment 1,250,000 08/15/2022 Storage building 900,000 11/13/2022 *Used 100% for business purposes. Karane generated taxable income in 2022 of $1,745,000 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 positive numbers. Comprehensive Problem 10-76 Part d (Algo) Required: d. Now assume that during 2022, Karane decides to buy a competitor's assets for a purchase price of $1,409,900. Compute the maximum 2022 cost recovery, including 179 expense and bonus depreciation. Karane purchased the following assets for the lump-sum purchase price: Note: Round your final answers to the nearest whole dollar amount. Asset Cost Date Placed in Service Inventory $ 230,000 09/15/2022 Office furniture 240,000 09/15/2022 Machinery 260,000 09/15/2022 Patent 207,000 09/15/2022 Goodwill 2,900 09/15/2022 Building 440,000 09/15/2022 Land 30,000 09/15/2022 Assume that Karane takes the maximum section 179 expense for the Assembly Equipment.