Question: CP 2 . . Karane Enterprises, a calendar - year manufacturer based in College Station, Texas, began business in 2 0 2 3 . In

CP2..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 various types of assets. Below is a list of assets acquired during 2023:AssetCostDate Placed in ServiceOffice furniture$ 150,00002/03Machinery1,560,00007/22Used delivery truck*Note:40,00008/17*Note:Not considered a luxury automobile.During 2023, Karane was very successful (and had no 179 limitations) and decided to acquire more assets in 2024 to increase its production capacity. These are the assets acquired during 2024:AssetCostDate Placed in ServiceComputers and information system$ 400,00003/31Luxury auto*Note:80,00005/26Assembly equipment1,200,00008/15Storage building700,00011/13*Note:Used 100 percent for business purposes.Karane generated taxable income in 2024 of $1,732,500 for purposes of computing the 179 expense limitation.(Use MACRS Table 1, Table 2, Table 3, Table 4, Table 5, and Exhibit 10-10.)Required:
a. Compute the maximum 2023 depreciation deductions, including $179 expense (ignoring bonus depreciation).
Note: Apply the $179 deduction to the most expensive eligible asset first.
\table[[Description,Cost,179 Expense,MACRS Basis,\table[[Current],[MACRS],[Depreciation]],\table[[Total Cost],[Recovery],[Deduction]]],[Office furniture,,,,,,,$,0],[Machinery,,?,,,,,,0],[Used delivery truck,,,,,,,,0],[Total,$,0,$ ,0,$ 0,$,0,$,0]]
 CP2..Karane Enterprises, a calendar-year manufacturer based in College Station, Texas, began

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