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

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

Karane Enterprises, a calendar$-$year manufacturer based in College Station, Texas, began business in $2022.$ In the process of setting up the business, Karane has acquired various types of assets. Below is a list of assets acquired during $2022$:

Asset Cost Date Placed in Service

Office furniture $ $400,00002/03/2022$

Machinery $1,810,00007/22/2022$

Used delivery truck$*$Note: $90,00008/17/2022$

$*$Note:Not considered a luxury automobile.

During $2022,$ Karane was very successful $($and had no $179$ limitations$)$ and decided to acquire more assets in $2023$ to increase its production capacity. These are the assets acquired during $2023$:

Asset Cost Date Placed in Service

Computers and information system $ $450,00003/31/2023$

Luxury auto$*$Note: $92,50005/26/2023$

Assembly equipment $1,450,00008/15/2023$

Storage building $800,00011/13/2023$

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

Karane generated taxable income in $2023$ of $$1,795,000$ 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 $2023,$ Karane decides to buy a competitor's assets for a purchase price of $$1,649,500.$ Compute the maximum $2023$ cost recovery, including $179$ expense and bonus depreciation. Karane purchased the following assets for the lump$-$sum purchase price:

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

Asset Cost Date Placed in Service

Inventory $ $270,00009/15/2023$

Office furniture $280,00009/15/2023$

Machinery $300,00009/15/2023$

Patent $243,00009/15/2023$

Goodwill $6,50009/15/2023$

Building $480,00009/15/2023$

Land $70,00009/15/2023$

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