d$.$ Now assume that during $2022,$ Karane decides to buy a competitor's assets for a purchase price of $$1,505,740.$ Compute the

maximum $2022$ cost recovery, Including $$179$ expense and bonus depreclation. Karane purchased the following assets for the lump$-$

sum purchase price:

Note: Round your final answers to the nearest whole dollar amount.

Assume that Karane takes the maximum section $179$ expense for the Assembly Equipment.

Answer is not complete.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 $ $280,00002/03/2021$

Machinery $1,586,00007/22/2021$

Used delivery truck$*66,00008/17/2021$

$*$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 $ $426,00003/31/2022$

Luxury auto$*86,50005/26/2022$

Assembly equipment $1,330,00008/15/2022$

Storage building $800,00011/13/2022$

$*$Used $100\%$ for business purposes.

Karane generated taxable income in $2022$ of $$1,765,000$ 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 $$1,505,740.$ Compute the maximum $2022$ cost recovery, including $179$ expense and bonus depreciation. Karane purchased the following assets for the lump$-$sum purchase price: