Comprehenslve Problem $10-76($LO $10-1,$ LO $10-2,$ LO $10-3,$ LO $10-4,$ LO $10-5)($Algo$)$

$[$The following information applies to the questions alisplayed below.$]$

Karane Enterprises, a calendar$-$year manufacturer based in College Station, Texas, began business in $2023.$ In the process of setting up the business, Karane has acquired varlous types of assets. Below is a list of assets acquired during $2023$:

$*$Not considered a luxury automoblle.

During $2023,$ Karane was very successful $($and had no $\backslash$$$179$ limitations$)$ and decided to acquire more assets in $2024$ to Increase Its production capacity. These are the assets acquired during $2024$:

$*$Used $100$ percent for business purposes.

Karane generated taxable income In $2024$ of $\backslash (\backslash$$ $1,785,000\backslash )$ for purposes of computing the $\backslash (\backslash$$ $179\backslash )$ expense limitation$.($Use MACRS Table $1,$ Table $2,$ Table $3,$ Table $4,$ Table $5,$ and Exhlibit $10-10.)$

Note: Leave no answer blank. Enter zero If applicable. Input all the values as positive numbers.

Comprehenslve Problem $10-76$ Part e $($Algo$)$

Required:

e$.$ Complete Karane Enterprises's Form $4562$ for part $($b$).$

$($Use $2024$ tax rules regardless of year on tax form. Do not sklp rows when entering property under line item $26$ of Form $4562$ Assets acquired during $2024$ have to be entered under Sectlon B part of Form $4562$ page $1.)$

Prepare Form $4562.$

$\backslash [$

$\backslash$begin$\{$array$\}\{|$c$||$c$|\}$

$\backslash$hline $\backslash$text $\{$ Form $\}4562\backslash$text $\{$ PG $\}$ & $\backslash$text $\{$ Form $\}4562\backslash$mathrm$\{$PG$\}\backslash \backslash$

$1$ & $2$

$\backslash$end$\{$array$\}$

$\backslash ]$

Form $4562$ Page $1.$

Part I Election To Expense Certain Property Under Section $179$

Note: If you have any listed property, complete Part V before you complete Part I. Required:

e$.$ Complete Ksrsne Enterpriseri's Form $4562$ for port $($b$).$

$($Use $2024$ tax rules regardless of year on tax form. Do not skip rows when entering property under line Item $26$ of Form $4562$ Assets acquired during $2024$ have to be entered under Section B part of form $4562,$ page $1.)$

Prepare Form $4562.$

Form $4562$ Page $1.$