Comprehensive Problem 10-76 (LO 10-1, LO 10-2, LO 10-3, LO 10-4, LO 10-5) [The following information applies to the questions displayed below.] Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began business in 2017. In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during 2017: Asset Cost Date Placed in Service Office furniture $ 150,000 02/03/2017 Machinery 1,560,000 07/22/2017 Used delivery truck* 40,000 08/17/2017 *Not considered a luxury automobile. During 2017, Karane was very successful (and had no 179 limitations) and decided to acquire more assets this next year to increase its production capacity. These are the assets acquired during 2018: Asset Cost Date Placed in Service Computers & info. system $ 400,000 03/31/2018 Luxury auto 80,000 05/26/2018 Assembly equipment 1,200,000 08/15/2018 Storage building 700,000 11/13/2018 Used 100% for business purposes. Karane generated taxable income in.2018 of $1,732,500 for purposes of computing the 179 expense. (Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.) Assume the 2017 179 limits are the same as those in 2018. (Leave no answer blank. Enter zero if applicable. Input all the values as positive numbers.) rev: 09_14_2018_QC_CS-135704 Comprehensive Problem 10-76 Part e e. Complete Karane Enterprises's Part I of Form 4562 for part (b).