Question: please refer to the image for question Required information [The following information applies to the questions displayed below.] Karane Enterprises, a calendar-year manufacturer based in
Required information [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 : '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: -Used 100% for business purposes. Karane generated taxable income in 2022 of $1,732,500 for purposes of computing the $179 expense limitation. (Use MACRS Table 1. Table2. Table 2. Table 4. Table 5 and Exhibit 10.40.1 Note: Leave no onswer blank. Enter zero if applicoble. Input all the values as positive numbers. Required: b. Compute the maximum 2022 depreclation deductions, including $179 expense (ignoring bonus depreciation)
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